Oklahoma 2024 Regular Session

Oklahoma House Bill HB4044 Compare Versions

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3		-	SENATE FLOOR VERSION - HB4044 SFLR Page 1
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	3	+	ENGR. H. B. NO. 4044 Page 1 1
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29		-	SENATE FLOOR VERSION
30		-	April 8, 2024
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33	28		ENGROSSED HOUSE
34	29		BILL NO. 4044 By: McCall of the House
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36	31		and
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38	33		Treat of the Senate
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43	40		An Act relating to revenue and taxation; providing
44	41		procedures for compliance with certain tax laws;
45	42		authorizing waiver of p enalty and interest;
46	43		specifying tax types with respect to which wavier
47	44		allowable; imposing limitations and conditions on
48	45		taxpayer participation; prescribing procedures;
49	46		providing for administrative rules; restric ting
50	47		procedures based upon status as appointed or elected
51	48		official; authorizing utilization of procedures
52	49		notwithstanding statutory provisions; providing for
53	50		codification; and providing an effective date .
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57	56		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
58	57		SECTION 1. NEW LAW A new section of l aw to be codified
59	58		in the Oklahoma Statutes as Section 216.6 of Title 68, unless there
60	59		is created a duplication in numbering, reads as follows:
61	60		A. For the purpose of encouraging the vol untary disclosure and
62	61		payment of taxes owed to this state, the Oklahoma Tax Commission is
63	62		hereby authorized and directed to establish a Voluntary Disclosure
64	63		Initiative for eligible taxes, as provided in this sec tion. A
65	64		taxpayer shall be entitled to a waiv er of penalty, interest and
66	65		other collection fees due on eligible taxes if the taxpayer
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68		-	SENATE FLOOR VERSION - HB4044 SFLR Page 2
69		-	(Bold face denotes Committee Amendments) 1
	67	+	ENGR. H. B. NO. 4044 Page 2 1
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94	92		voluntarily files delin quent tax returns and pays the taxes due
95	93		during the disclosure initiative. The time in which a volu ntary
96	94		payment of tax liability may be made or the taxpayer may enter into
97	95		a payment program acceptable to the Tax Co mmission for payment of
98	96		the unpaid taxes in full in the manner and time established in a
99	97		written payment program agreement between the Tax C ommission and the
100	98		taxpayer under the Voluntar y Disclosure Initiative shall be
101	99		applicable with respect to the enumerated tax types in this section
102	100		for all periods beginning January 1, 2020, and ending December 31 ,
103	101		2024 and the taxpayer shall be required to make application to the
104	102		Tax Commission during the period beginning January 1, 2025, and
105	103		ending December 31, 2025.
106	104		B. Upon payment of the eligible taxes under the Voluntary
107	105		Disclosure Initiative established, the Tax Comm ission shall abate
108	106		and not seek to coll ect any interest, penalties or collection fees
109	107		that would otherwise be applicable.
110	108		C. As used in this section, " eligible taxes" shall include the
111	109		following taxes that were due and payable for the tax period or
112	110		periods prescribed by subsection A of this se ction before entering
113	111		into an agreement as provided in the initiative:
114	112		1. Mixed beverage tax levied pursuant to Section 576 of Title
115	113		37 of the Oklahoma Statutes;
116	114		2. Gasoline and diesel tax levied pursuant to Sec tion 500.4 of
117	115		Title 68 of the Oklahoma Statutes;
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119		-	SENATE FLOOR VERSION - HB4044 SFLR Page 3
120		-	(Bold face denotes Committee Amendments) 1
	117	+	ENGR. H. B. NO. 4044 Page 3 1
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145	142		3. Gross production and petroleum e xcise tax levied pursuant to
146	143		Sections 1001, 1101 and 1102 of Title 68 o f the Oklahoma Statutes;
147	144		4. Sales tax levied pursuant to Section 1354 of Title 68 of the
148	145		Oklahoma Statutes;
149	146		5. Use tax levied pursuant to Section 1402 of Title 68 of the
150	147		Oklahoma Statutes;
151	148		6. Income tax levied pursuant to Section 2355 of Title 68 of
152	149		the Oklahoma Statutes; and
153	150		7. Withholding tax levied p ursuant to Section 2385.2 of Title
154	151		68 of the Oklahoma Statutes .
155	152		D. To be eligible to participate in this initiative, taxpayers
156	153		must:
157	154		1. Not have collected taxes from others, such as sales and use
158	155		taxes or payroll taxes, and not reported those taxes; and
159	156		2. Not have, within the preceding three (3) year s, entered into
160	157		a voluntary disclosure agreement fo r the type of tax owed.
161	158		E. If the Tax Commission agrees with the propos ed terms for
162	159		payment of the principal amount of tax due and owing, the penalties
163	160		and interest otherwise imposed by law upon the princ ipal amount
164	161		shall be waived by operation of law and no further action by the Tax
165	162		Commission or by the taxpayer shall be required for the waiver o f
166	163		such penalty and applicable interest.
167	164		F. The Tax Commission shall limit the period for which
168	165		additional taxes may be assessed to three (3) taxable years for
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170		-	SENATE FLOOR VERSION - HB4044 SFLR Page 4
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	167	+	ENGR. H. B. NO. 4044 Page 4 1
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196	192		annually filed taxes or thirty -six (36) months for taxes that do not
197	193		have an annual filing frequency.
198	194		G. Taxpayers who meet all of the qualifications specifi ed in
199	195		subsection D of this section, except those who have collected taxes
200	196		from others, such as sales and use taxes or payroll taxes, and not
201	197		reported those taxes, may enter into a modified volun tary disclosure
202	198		agreement.
203	199		H. The provisions of a modified vo luntary disclosure agreement
204	200		shall be the same as a voluntary disclosure agreement as specified
205	201		in subsection E of this section; prov ided, the waiver of interest
206	202		shall not apply except as may be optionall y granted at the
207	203		discretion of the Tax Commission, and the period for which taxes
208	204		must be reported and remitted or assessed is extended beyond the
209	205		three-year or thirty-six-month period provided in subsection F of
210	206		this section to include all perio ds in which tax has been collected
211	207		but not remitted.
212	208		I. The waiver of penalty and interest provided herein is fully
213	209		effective provided taxpayer continues payment or collection and
214	210		remittance of applicable taxes, as required by law, f or a period of
215	211		one (1) year after the tax period(s) for which taxes were paid
216	212		pursuant to this initiative.
217	213		J. The Tax Commission is authorized to expend necessary
218	214		available funds, inc luding contracting with third par ties, to
219	215		publicly advertise, assist in the collection of elig ible taxes, and
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221		-	SENATE FLOOR VERSION - HB4044 SFLR Page 5
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	217	+	ENGR. H. B. NO. 4044 Page 5 1
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247	242		administer the Voluntary Disclosure Initiative and shall be exempt
248	243		from the provisions of Secti on 85.7 of Title 74 of the Oklahoma
249	244		Statutes for the purpose of implementing this se ction.
250	245		K. The Tax Commission is author ized to promulgate rules
251	246		detailing the terms and other conditions of this program .
252	247		L. The provisions of this section shall not be applicable to
253	248		any person appointed to or elected to a public office.
254	249		M. A taxpayer may utilize the procedures described by this
255	250		section notwithstanding the provisions of Section 216.5 of Title 68
256	251		of the Oklahoma Statutes.
257	252		SECTION 2. This act shall become effective November 1, 2024.
258		-	COMMITTEE REPORT BY: COMMITTEE ON FINANCE
259		-	April 8, 2024 - DO PASS
	253	+	Passed the House of Representatives the 12th day of March, 2024.
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	258	+	Presiding Officer of the House
	259	+	of Representatives
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	263	+	Passed the Senate the ___ day of __________, 2024.
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	268	+	Presiding Officer of the Senate
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