(a) The Oklahoma Tax Commission, or a designee, may waive penalties assessed by statute for failure to timely file certain required reports, or respond to demands for information. The penalties are assessed at the rate of Five Dollars ($5.00) per day but may be waived by the Commission if the following criteria are met:
- (1) All taxes due on products subject to the Gross Production Tax were timely paid, if the penalty is being waived for failure to file Monthly Production Reports or amended reports; and,
- (2) The delinquent filing of the Monthly Production Reports or amended reports did not prevent timely apportionment of the tax revenues paid or remitted without such report; and,
- (3) The tax reporter made written request for waiver of the penalty; and,
- (4) The tax reporter showed good cause for the delinquent filing of the report, amended report, or answer to written demand for information.
- (b) Waiver of the penalties in (a) of this Section shall be in writing and shall include a statement of the reasons therefor. [See: 68 O.S. §1010]
Amended at 13 Ok Reg 3095, eff 7-11-96
Amended at 15 Ok Reg 2416, eff 6-11-98