Okla. Stat. tit. 68, § 68-2857
This is the official text of Okla. Stat. tit. 68, § 68-2857, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Railroad, air carrier or public service corporation -
Official statutory text
Failure or refusal to make statements or schedules - Ascertainment
of value - Penalty.
A. Should any railroad, air carrier or public service
corporation doing business in this state fail or refuse to file the
statements or schedules with the Oklahoma Tax Commission within the
time and manner required by law, it shall be the duty of the State
Board of Equalization to ascertain from the best information
obtainable the value of the property of such company. The Tax
Commission may grant an extension without penalty, upon written
request of the taxpayer and for a good cause, of not to exceed
fifteen (15) days for the filing of the returns as required by the
Ad Valorem Tax Code.
B. There shall be assessed by the State Board of Equalization
an administrative penalty for every day which a railroad, air
carrier or public service corporation doing business in this state
fails or refuses to file the statements or schedules with the Tax
Commission within the time and manner required by law in the lesser
of the amount of Two Hundred Dollars ($200.00) per day for each
county in which such entity has property subject to ad valorem tax
or one percent (1%) of the assessed value. The State Board of
Equalization shall be responsible for collecting this penalty and
shall remit fifty percent (50%) of such penalty to the county
general fund of the counties in which such entity has property
subject to ad valorem tax. Fifty percent (50%) of such penalty
shall be deposited in the General Revenue Fund.
of value - Penalty.
A. Should any railroad, air carrier or public service
corporation doing business in this state fail or refuse to file the
statements or schedules with the Oklahoma Tax Commission within the
time and manner required by law, it shall be the duty of the State
Board of Equalization to ascertain from the best information
obtainable the value of the property of such company. The Tax
Commission may grant an extension without penalty, upon written
request of the taxpayer and for a good cause, of not to exceed
fifteen (15) days for the filing of the returns as required by the
Ad Valorem Tax Code.
B. There shall be assessed by the State Board of Equalization
an administrative penalty for every day which a railroad, air
carrier or public service corporation doing business in this state
fails or refuses to file the statements or schedules with the Tax
Commission within the time and manner required by law in the lesser
of the amount of Two Hundred Dollars ($200.00) per day for each
county in which such entity has property subject to ad valorem tax
or one percent (1%) of the assessed value. The State Board of
Equalization shall be responsible for collecting this penalty and
shall remit fifty percent (50%) of such penalty to the county
general fund of the counties in which such entity has property
subject to ad valorem tax. Fifty percent (50%) of such penalty
shall be deposited in the General Revenue Fund.
Status: in_force · Read it on the official government site
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