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OK SB678

OK SB678
Tax administration; modifying statute of limitation for filing certain sales and use tax refunds. Effective date.


summary

Introduced
02/04/2019
In Committee
02/05/2019
Crossed Over
Passed
Dead
05/23/2019

Introduced Session

2019 Regular Session

Bill Summary

Tax administration; modifying statute of limitation for filing certain sales and use tax refunds. Effective date.

AI Summary

This bill modifies the statute of limitations for filing certain sales and use tax refund claims in Oklahoma. It extends the time period for taxpayers to file a verified claim for refund of taxes erroneously paid from 2 years to 3 years, and allows the Oklahoma Tax Commission to accept amended sales, withholding, or other tax reports or returns as a verified claim for refund if they establish a liability less than the original filing. The bill also outlines the process for taxpayers to file a demand for hearing if their refund claim is denied. The bill will become effective on November 1, 2019.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Second Reading referred to Finance (on 02/05/2019)

bill text


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