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Bill > SB678
OK SB678
OK SB678Tax administration; modifying statute of limitation for filing certain sales and use tax refunds. Effective date.
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to tax administration; amending 68 O.S. 2011, Section 227, as last amended by Section 1, Chapter 358, O.S.L. 2016 (68 O.S. Supp. 2018, Section 227), which relates to statute of limitations for claiming certain refunds; eliminating specific statute of limitations for claiming sales and use tax refunds; clarifying application of certain time limit; and providing an effective date.
AI Summary
This bill eliminates the specific 2-year statute of limitations for claiming sales and use tax refunds, and instead applies the general 3-year statute of limitations for claiming refunds of any tax paid to the state through error of fact, computation, or misinterpretation of law. The bill also clarifies that the Tax Commission may accept amended sales tax, withholding tax, or other reports or returns as a verified claim for refund if the amended report establishes a tax liability less than the original. The bill becomes effective on November 1, 2019.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Finance (on 02/05/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb678&Session=2000 |
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