Oklahoma Authorizes Voluntary Compliance Initiative

Oklahoma has enacted legislation authorizing the Oklahoma Tax Commission to establish a Voluntary Compliance Initiative and offer tax amnesty to delinquent taxpayers from September 14, 2015 to November 13, 2015, subject to the availability of funds. Participants who voluntarily file delinquent tax returns and pay the tax due during the compliance initiative period are entitled to a waiver of penalties, interest and other collection fees or costs due on eligible taxes.Eligible taxes include the following taxes that were due and payable for any tax period or periods ending before January 1, 2015: mixed beverage tax; gasoline and diesel tax; gross production and petroleum excise tax; sales and use tax; income tax; withholding tax; and privilege tax. Franchise tax is not included in the initiative.

For more information, you can visit the state’s amnesty program web page.

(H.B. 2236, Laws 2015, effective May 20, 2015)

Posted on June 23, 2015