1 STATE OF OKLAHOMA
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2 1st Session of the 58th Legislature (2021)
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3 SENATE BILL 720 By: Thompson
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6 AS INTRODUCED
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7 An Act relating to administration of the tax
7 collection system; authorizing the Oklahoma Tax
8 Commission to establish a tax amnesty program during
8 which certain penalties and interest are waived for
9 certain industries; specifying conditions under which
9 the waiver may be given; requiring the Tax Commission
10 to promulgate rules to determine terms and conditions
10 of the program; authorizing the Tax Commission to
11 make certain expenditures; providing for
11 codification; and providing an effective date.
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14 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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15 SECTION 1. NEW LAW A new section of law to be codified
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16 in the Oklahoma Statutes as Section 296 of Title 68, unless there is
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17 created a duplication in numbering, reads as follows:
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18 A. For the purpose of encouraging the voluntary disclosure and
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19 payment of taxes owed to this state, the Tax Commission is hereby
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20 authorized and directed to establish a tax amnesty program during
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21 which penalties and interest due on delinquent taxes assessed by the
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22 Tax Commission and imposed pursuant to the provisions of Section
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23 1351 et seq. of Title 68 of the Oklahoma Statutes and the Oklahoma
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24 Alcoholic Beverage Control Act, shall be waived for establishments
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 1 whose activities are defined or classified in the NAICS Manual under
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2 Industry Group Nos. 7224 and 7225, except as provided herein. A
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3 taxpayer shall be entitled to a waiver of penalty and interest due
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4 on taxes which are delinquent after March 16, 2020, and before June
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5 1, 2021, if the taxpayer voluntarily pays the taxes due during the
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6 amnesty period. The amnesty period shall extend from the effective
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7 date of this act through March 31, 2022. The waiver of penalties
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8 and interest shall apply to:
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9 1. The underreporting of tax liabilities;
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10 2. The nonpayment of taxes; and
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11 3. The nonreporting of tax liabilities.
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12 B. The Tax Commission shall promulgate rules detailing the
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13 terms and other conditions of this program.
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14 C. The Tax Commission is authorized to expend necessary
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15 available funds to publicly advertise this program and shall be
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16 exempt from the provisions of Section 85.7 of Title 74 of the
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17 Oklahoma Statutes for the purpose of implementing this section.
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18 SECTION 2. This act shall become effective November 1, 2021.
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20 58-1-1187 QD 1/21/2021 1:56:14 PM
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