Okla. Stat. tit. 68, § 68-450.5
This is the official text of Okla. Stat. tit. 68, § 68-450.5, 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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Immediate assessment and collection of tax - Delinquency
Official statutory text
- Penalties.
A. The taxable period of the tax levied by Section 2 of this
act for any dealer not possessing valid stamps showing that the tax
has been paid shall be declared terminated by the Commission as
provided in paragraph 4 of subsection a of Section 224 of this
title. The Commission shall immediately assess the tax and
applicable penalties from any information in its possession, notify
the taxpayer, and demand immediate payment thereof. In the event of
any failure or refusal to pay the tax and penalties immediately by
the taxpayer, the tax shall become delinquent and the Commission
shall proceed to collect such tax and penalties in the manner
prescribed by law.
B. No person may bring an action to enjoin the assessment or
collection of any taxes, interest or penalties imposed by the
provisions of this act.
Oklahoma Statutes - Title 68. Revenue and Taxation Page 251
C. The tax and penalties assessed by the Commission pursuant to
the provisions of this act are presumed to be valid and correctly
determined and assessed. The burden is upon the taxpayer to show
their incorrectness or invalidity.
A. The taxable period of the tax levied by Section 2 of this
act for any dealer not possessing valid stamps showing that the tax
has been paid shall be declared terminated by the Commission as
provided in paragraph 4 of subsection a of Section 224 of this
title. The Commission shall immediately assess the tax and
applicable penalties from any information in its possession, notify
the taxpayer, and demand immediate payment thereof. In the event of
any failure or refusal to pay the tax and penalties immediately by
the taxpayer, the tax shall become delinquent and the Commission
shall proceed to collect such tax and penalties in the manner
prescribed by law.
B. No person may bring an action to enjoin the assessment or
collection of any taxes, interest or penalties imposed by the
provisions of this act.
Oklahoma Statutes - Title 68. Revenue and Taxation Page 251
C. The tax and penalties assessed by the Commission pursuant to
the provisions of this act are presumed to be valid and correctly
determined and assessed. The burden is upon the taxpayer to show
their incorrectness or invalidity.
Status: in_force · Read it on the official government site
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