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HOUSE OF REPRESENTATIVES - FLOOR VERSION
STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
ENGROSSED SENATE
BILL NO. 1415 By: Jech of the Senate
and
Moore of the House
An Act relating to tax procedure; establishing the
First Time Abatement Program; authorizing the
abatement of interest and penalty for certain
individual income taxpaye rs; requiring taxpayer to
file returns and pay tax liability pursuant to
certain agreement; prohibiting collection of interest
and penalties upon payme nt; requiring the release of
certain liens upon payment; specifying eligibility;
limiting waiver amount; requiring certain
notification; providing for codification; and
providing an effective d ate.
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 follows:
A. The Oklahoma Tax Commission is hereby directed to establish
the First Time Abatement Program for the tax imposed upon
individuals 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
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penalty and interest due on individual income tax if the taxpayer
voluntarily files delinquent tax retur ns and pays the taxes due
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 penalties applicable to the tax
liability due pursuant to t he 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 an y 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 penalty or interest
by the Oklahoma Tax Commission;
3. Not have been convicted for violat ions of Section 241 of
Title 68 of the Oklahoma Statutes;
4. Have filed all necessary returns pursuant t o the laws of
this state; and
5. Have paid all individual income tax liability or entered
into an agreement with the Commission for payment of income tax
liability.
C. Any waiver of interest and penalty pursuant to this section
shall not exceed Ten Thous and Dollars ($10,000.00) per taxpayer.
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D. On all physical and electronically submitted documents to an
individual taxpayer notifying the taxpayer of h is or her
delinquency, the Oklahoma Tax Commission shall notify the taxpayer
of the First Time Abatement Program which shall include but not be
limited to the following statement: “You may qualify for certain
penalty and interest forgiveness through the Fi rst Time Abatement
Program.”
SECTION 2. This act shall become effective November 1, 2024 .
COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET, dated
04/18/2024 - DO PASS.