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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
COMMITTEE SUBSTITUTE
FOR
SENATE BILL 1415 By: Jech
COMMITTEE SUBSTITUTE
An Act relating to tax procedure; establishing the
First Time Abatement Program; authorizing the
abatement of interest and penalty for certain
individual income taxpayers; requiring taxpayer to
file returns and pay tax liability pursuant to
certain agreement; prohibiting collection of interest
and penalties upon payment; requiring the release of
certain liens upon payment; specifying eligibility;
limiting waiver amount; providing for codification;
and providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 216.6 of Title 68, unless there
is created a duplication in numbering, reads as foll ows:
A. The Oklahoma Tax Commission is hereby authorized and
directed to establish the First Time Abatement Program for the tax
imposed upon individu als pursuant to Section 2355 of Title 68 of the
Oklahoma Statutes. A taxpayer meeting the qualifications provided
in subsection B of this section shall be entitled to a waiver of
penalty and interest due on individual income tax if the taxpayer
voluntarily files delinquent tax returns and pays the taxes due
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pursuant to an agreement with the Commission. Upon payment of the
taxes due pursuant to the agreement , the Commission shall abate and
not seek to collect any interest or penalti es applicable to the tax
liability due pursuant to the agreement and release any liens
imposed.
B. To be eligible for the First Time Abatement Program, the
taxpayer shall:
1. Not have failed to file any necessary returns in the
previous five (5) tax years before the tax delinquency , interest, or
penalties were incurred;
2. Not have previously received a waiver of penalt y or interest
by the Oklahoma Tax Commission ;
3. Not have been convicted for violations of Section 241 of
Title 68 of the Oklahoma Statu tes;
4. Have filed all necessary returns pursuant to the laws of
this state; and
5. Have paid all individual income tax liability or entered
into an agreement with the Commission for pa yment of income tax
liability.
C. Any waiver of interes t and penalty pursuant to this section
shall not exceed Ten Thousand Dollars ( $10,000.00) per taxpayer.
SECTION 2. This act shall become effective November 1, 2024.
59-2-3505 QD 2/12/2024 3:26:23 PM