Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1415 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3		-	SB1415 HFLR Page 1
4		-	BOLD FACE denotes Committee Amendments. 1
	3	+	ENGR. S. B. NO. 1415 Page 1 1
5	4		2
6	5		3
7	6		4
8	7		5
9	8		6
10	9		7
11	10		8
12	11		9
13	12		10
14	13		11
15	14		12
16	15		13
17	16		14
18	17		15
19	18		16
20	19		17
21	20		18
22	21		19
23	22		20
24	23		21
25	24		22
26	25		23
27	26		24
28		-
29		-	HOUSE OF REPRESENTATIVES - FLOOR VERSION
30		-
31		-	STATE OF OKLAHOMA
32		-
33		-	2nd Session of the 59th Legislature (2024)
34	27
35	28		ENGROSSED SENATE
36	29		BILL NO. 1415 By: Jech of the Senate
37	30
38	31		and
39	32
40	33		Moore of the House
41	34
42	35
43	36
44	37
45	38		An Act relating to tax procedure; establishing the
46	39		First Time Abatement Program; authorizing the
47	40		abatement of interest and penalty for certain
48	41		individual income taxpaye rs; requiring taxpayer to
49	42		file returns and pay tax liability pursuant to
50	43		certain agreement; prohibiting collection of interest
51	44		and penalties upon payment; requiring the release of
52	45		certain liens upon payment; specifying eligibility;
53	46		limiting waiver amount; requiring certain
54	47		notification; providing for codification; and
55	48		providing an effective d ate.
56	49
57	50
58	51
59	52		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
60	53		SECTION 1. NEW LAW A new section of law to be codified
61	54		in the Oklahoma Statutes as Section 216.6 of Title 68, unless there
62	55		is created a duplication in numbering, reads as follows:
63	56		A. The Oklahoma Tax Commission is hereby directed to establish
64	57		the First Time Abatement Program for the tax imposed upon
65	58		individuals pursuant to Section 2355 of Title 68 of the Oklahoma
66	59		Statutes. A taxpayer meeting the qualifications provided in
67	60		subsection B of this section shall be entitled to a waiver of
	61	+	penalty and interest due on individual income tax if the taxpayer
	62	+	voluntarily files delinquent tax retur ns and pays the taxes due
	63	+	pursuant to an agreement with the Commission. Upon payment of the
68	64
69		-	SB1415 HFLR Page 2
70		-	BOLD FACE denotes Committee Amendments. 1
	65	+	ENGR. S. B. NO. 1415 Page 2 1
71	66		2
72	67		3
73	68		4
74	69		5
75	70		6
76	71		7
77	72		8
78	73		9
79	74		10
80	75		11
81	76		12
82	77		13
83	78		14
84	79		15
85	80		16
86	81		17
87	82		18
88	83		19
89	84		20
90	85		21
91	86		22
92	87		23
93	88		24
94	89
95		-	penalty and interest due on individual income tax if the taxpayer
96		-	voluntarily files delinquent tax retur ns and pays the taxes due
97		-	pursuant to an agreement with the Commission. Upon payment of the
98	90		taxes due pursuant to the agreement, the Commission shall abate and
99	91		not seek to collect any interest or penalties applicable to the tax
100	92		liability due pursuant to t he agreement and release any liens
101	93		imposed.
102	94		B. To be eligible for the First Time Abatement Program, the
103	95		taxpayer shall:
104	96		1. Not have failed to file any necessary returns in the
105	97		previous five (5) tax years before the tax delinquency, interest, or
106	98		penalties were incurred;
107	99		2. Not have previously received a waiver of penalty or interest
108	100		by the Oklahoma Tax Commission;
109	101		3. Not have been convicted for violations of Section 241 of
110	102		Title 68 of the Oklahoma Statutes;
111	103		4. Have filed all necessary returns pursuant t o the laws of
112	104		this state; and
113	105		5. Have paid all individual income tax liability or entered
114	106		into an agreement with the Commission for payment of income tax
115	107		liability.
116	108		C. Any waiver of interest and penalty pursuant to this section
117	109		shall not exceed Ten Thous and Dollars ($10,000.00) per taxpayer.
	110	+	D. On all physical and electronically submitted documents to an
	111	+	individual taxpayer notifying the taxpayer of his or her
	112	+	delinquency, the Oklahoma Tax Commission shall notify the taxpayer
	113	+	of the First Time Abatement Program which shall include but not be
118	114
119		-	SB1415 HFLR Page 3
120		-	BOLD FACE denotes Committee Amendments. 1
	115	+	ENGR. S. B. NO. 1415 Page 3 1
121	116		2
122	117		3
123	118		4
124	119		5
125	120		6
126	121		7
127	122		8
128	123		9
129	124		10
130	125		11
131	126		12
132	127		13
133	128		14
134	129		15
135	130		16
136	131		17
137	132		18
138	133		19
139	134		20
140	135		21
141	136		22
142	137		23
143	138		24
144	139
145		-	D. On all physical and electronically submitted documents to an
146		-	individual taxpayer notifying the taxpayer of h is or her
147		-	delinquency, the Oklahoma Tax Commission shall notify the taxpayer
148		-	of the First Time Abatement Program which shall include but not be
149	140		limited to the following statement: “You may qualify for certain
150	141		penalty and interest forgiveness through the First Time Abatement
151	142		Program.”
152	143		SECTION 2. This act shall become effective November 1, 2024 .
	144	+	Passed the Senate the 11th day of March, 2024.
153	145
154		-	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET, dated
155		-	04/18/2024 - DO PASS.
	146	+
	147	+
	148	+	Presiding Officer of the Senate
	149	+
	150	+
	151	+	Passed the House of Representatives the ____ day of __________,
	152	+	2024.
	153	+
	154	+
	155	+
	156	+	Presiding Officer of the House
	157	+	of Representatives
156	158