1| STATE OF OKLAHOMA |
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2| 1st Session of the 59th Legislature (2023) |
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3|SENATE BILL 606 By: Rader |
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6| AS INTRODUCED |
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7| An Act relating to ad valorem tax; amending 68 O.S. |
| 2021, Section 2857, which relates to failure of |
8| railroad, air carrier, or public service corporation |
| to make statements or schedules; deleting |
9| authorization of the Oklahoma Tax Commission to grant |
| certain extension; and providing an effective date. |
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12|BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: |
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13| SECTION 1. AMENDATORY 68 O.S. 2021, Section 2857, is |
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14|amended to read as follows: |
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15| Section 2857. A. Should any railroad, air carrier, or public |
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16|service corporation doing business in this state fail or refuse to |
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17|file the statements or schedules with the Oklahoma Tax Commission |
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18|within the time and manner required by law, it shall be the duty of |
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19|the State Board of Equalization to ascertain from the best |
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20|information obtainable the value of the property of such company. |
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21|The Tax Commission may grant an extension without penalty, upon |
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22|written request of the taxpayer and for a good cause, of not to |
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23|exceed fifteen (15) days for the filing of the returns as required |
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24|by the Ad Valorem Tax Code. |
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1| B. There shall be assessed by the State Board of Equalization |
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2|an administrative penalty for every day which a railroad, air |
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3|carrier, or public service corporation doing business in this state |
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4|fails or refuses to file the statements or schedules with the Tax |
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5|Commission within the time and manner required by law in the lesser |
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6|of the amount of Two Hundred Dollars ($200.00) per day for each |
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7|county in which such entity has property subject to ad valorem tax |
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8|or one percent (1%) of the assessed value. The State Board of |
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9|Equalization shall be responsible for collecting this penalty and |
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10|shall remit fifty percent (50%) of such penalty to the county |
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11|general fund of the counties in which such entity has property |
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12|subject to ad valorem tax. Fifty percent (50%) of such penalty |
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13|shall be deposited in the General Revenue Fund. |
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14| SECTION 2. This act shall become effective November 1, 2023. |
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16| 59-1-501 QD 1/17/2023 9:22:51 PM |
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Req. No. 501 Page 2
