§ 450.5. Immediate assessment and collection of tax--Delinquency--Penalties
Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation
68 Okl.St.Ann. § 450.5
§ 450.5. Immediate assessment and collection of tax--Delinquency--Penalties
A. The taxable period of the tax levied by Section 2 of this act1 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.2
Credits
Laws 1990, c. 25, § 5, operative July 1, 1990.
68 Okl. St. Ann. § 450.5, OK ST T. 68 § 450.5
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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