reglab/housing_qa huggingface dataset:
68 OK Stat § 68-2385.9 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.9. Payment of estimated tax.

|A. The required annual payment of estimated tax shall be paid in four equal installments as follows: |1. In the case of a taxpayer on a calendar year basis, the first installment shall be paid on April 15 of the taxable year, the second and third on June 15 and September 15, respectively, of the taxable year and the fourth on January 15 of the succeeding taxable year. However, if taxpayer files return and pays tax due on or before January 31, the payment of the installment due January 15 is waived; and2. In the application of this section to the case of a taxable year beginning on any date other than January 1, there shall be substituted, for the months specified in this section, the months which correspond thereto.B. As used in this section, the “required annual payment” shall mean the lesser of:1. Seventy percent (70%) of the tax shown on the return for the taxable year; or2. One hundred percent (100%) of the tax shown on the return for the preceding taxable year of twelve (12) months.C. For purposes of determining the amount of tax due on any of the respective dates, taxpayers may compute the tax by placing taxable income on an annualized basis as prescribed by rules promulgated by the Tax Commission, which shall be in accordance with the annualization provisions of the Internal Revenue Code. For corporate taxpayers, the annualization provisions found in Section 6655(e)(2)(c) and 6655(e)(3) of the Internal Revenue Code may not be used. The provisions allowed in this section for computing estimated taxes on an annualized basis shall only be permitted for a taxable year of twelve (12) months.Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2338 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971. Amended by Laws 1989, c. 249, § 35, eff. Jan. 1, 1990; Laws 1997, c. 294, § 26, eff. July 1, 1997; Laws 2000, c. 314, § 22, eff. July 1, 2000.
68 OK Stat § 68-2385.10 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.10. Refunds - Filing of return as constituting claim.

|In the event that the completed return of the taxpayer discloses a refund to be due by reason of the credits for withholding and/or estimated taxes previously paid, the filing of such tax return shall constitute a claim for refund of the excess. |Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2339 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971.
68 OK Stat § 68-2385.11 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.11. Extensions of time for filing declarations and payment of tax.

|The Tax Commission may allow reasonable extensions of time for the filing of declarations of estimated tax and the payment of said tax. No extensions shall be granted for more than two (2) months, except in the case of taxpayers who are outside the continental limits of the United States in which case, at the discretion of the Tax Commission, a longer period may be granted. |Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2340 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971.
68 OK Stat § 68-2385.13 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.13. Amount of estimate - Penalty for underestimating.

|A. In the case of any underpayment of the estimated tax payment required in Section 2385.9 of this title, there shall be added to the amount of the underpayment interest thereon at an annual rate of twenty percent (20%) for the period of the underpayment. |B. As used in subsection A of this section, the amount of the underpayment shall be the excess of the required installment over the amount paid on or before the due date of the installment. The period of underpayment shall run from the due date of the required installment to the earlier of the fifteenth day of the fourth month, or for corporations, thirty (30) days after the due date for returns established under the Internal Revenue Code, following the close of the taxable year or the date on which the required installment is paid.C. No addition to tax shall be imposed under subsection A of this section if the tax shown on the return for the taxable year is less than One Thousand Dollars ($1,000.00) or if the taxpayer was an Oklahoma resident throughout the preceding taxable year of twelve (12) months and did not have any liability for tax for the preceding taxable year.Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2342 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971. Amended by Laws 1971, H.J.R. No. 1026, p. 1044, § 4, emerg. eff. June 22, 1971; Laws 1972, c. 252, § 5, emerg. eff. April 7, 1972; Laws 1986, c. 218, § 27, emerg. eff. June 9, 1986; Laws 1988, c. 87, § 4, operative July 1, 1988; Laws 1996, c. 42, § 1, eff. July 1, 1996; Laws 2000, c. 314, § 23, eff. July 1, 2000; Laws 2021, c. 436, § 3, eff. Nov. 1, 2021.
68 OK Stat § 68-2385.14 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.14. Taxes as payment on account.

|All taxes deducted and withheld by an employer pursuant to Section 2385.2 and all taxes paid to the Tax Commission by taxpayers hereunder shall be deemed and credited as payments on account of the tax levied on income for the taxable year. |Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2343 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971.
68 OK Stat § 68-2385.15 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.15. Administration.

|The administration of the provisions of Sections 2385.1 through 2385.19, inclusive, is vested in the Tax Commission. All forms necessary and proper for the enforcement of such provisions shall be prescribed and furnished by the Tax Commission, and the Tax Commission may promulgate rules and regulations to enforce such provisions, if not inconsistent with such provisions, as may be reasonably necessary to make practical the administration thereof, including the use of a bracket or tables closely approximating the amount required to be withheld under the provisions of Section 2385.2. In cases where employers have difficulty in determining the exact amount of wages earned by employees in this State, the Tax Commission may enter into an agreement with such employers as may be deemed most practical. |Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2344 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971.
68 OK Stat § 68-2385.16 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.16. Deposit of payments - Refunds - Method of refunds.

|A. All payments received by the Oklahoma Tax Commission transmitted by employers for taxes withheld from employees and all payments received by the Tax Commission from taxpayers as herein provided shall be deposited with the State Treasurer in the Tax Commission's Official Depository Clearing Account and be designated Income Tax Withholding Funds. These funds shall be under the exclusive control of the Tax Commission. The Tax Commission is empowered and directed each month to transfer the amount thereof which the Tax Commission estimates to be necessary to make tax refunds to a separate account designated as the Income Tax Withholding Refund Account, and to make apportionments from such funds remaining in the Official Depository Clearing Account, of the amount it considers available for distribution as income taxes collected. The Tax Commission shall maintain a balance in the refund account sufficient to cover anticipated tax refunds. |All warrants drawn against such refund account as provided in the preceding subsection which are not presented for payment within ninety (90) days of issuance thereof shall be void.Persons entitled to refunds of monies represented by warrants which are not presented for payment within ninety (90) days from the date of issuance thereof may file claims for refund at any time within three (3) years from the due date of the return. Such claims shall be filed and paid under the provisions of Section 2373 of this Code, and if allowed shall be paid under the provisions of such section. An income tax refund warrant which was not presented for payment within ninety (90) days from the date of issuance or reissued for a like amount up to three (3) years from the date of issuance of the original warrant shall be subject to reporting and remittance to the Oklahoma State Treasurer pursuant to the Uniform Unclaimed Property Act.B. Neither the Tax Commission nor any member or employee thereof shall be held personally liable for making any refund by reason of a fraudulent withholding certificate being used as a basis for such refund.C. The Oklahoma Tax Commission may use a direct deposit system and card-based disbursement system in lieu of checks or warrants for the purposes of issuing refunds for overpayment of individual income taxes. Notwithstanding the provisions of Section 205 of this title, the Tax Commission may enter into a contract with, and release taxpayer information to, entities deemed to be qualified by the Tax Commission to implement the card-based disbursement system.Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2345 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971. Amended by Laws 1985, c. 15, § 3, emerg. eff. April 11, 1985; Laws 1988, c. 204, § 15, operative July 1, 1988; Laws 1992, c. 28, § 1, emerg. eff. April 2, 1992; Laws 2004, c. 535, § 14, eff. Nov. 1, 2004; Laws 2011, c. 364, § 4; Laws 2020, c. 140, § 1, emerg. eff. May 21, 2020.
68 OK Stat § 68-2385.17 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.17. Refund - Credit against estimated income tax - Necessity for withholding certificate - Effect of refund.

|Any amount withheld or paid by estimate in excess of the amount due shown by a return filed by any employee shall be refunded to said employee. The Tax Commission shall prescribe regulations providing for the crediting against the estimated income tax for any taxable year of the amount determined by the taxpayer or Tax Commission to be an overpayment of the income tax for a preceding taxable year. In order to obtain a credit against the tax due or a refund, said employee shall attach to his return a legible copy of the withholding certificate required to be furnished to said employee by his employer, as provided for by Section 2385.3 of this title. The Tax Commission may delay making any refund until such time as the claim may be verified by audit, or if the employee is delinquent in the filing of prior returns. The making of any refund shall not be a conclusive finding of the tax due by any individual but shall be made subject to the future audit of his return and the determination of his liability. |Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2346 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971. Amended by Laws 1978, c. 198, § 2, eff. July 1, 1978; Laws 1983, c. 275, § 12, emerg. eff. June 24, 1983; Laws 1986, c. 218, § 28, emerg. eff. June 9, 1986.
68 OK Stat § 68-2385.18 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.18. Procedures and remedies.

|In administering the withholding tax required by the foregoing provisions, except when specific provisions require otherwise, the Tax Commission shall follow other provisions of this Article, insofar as the same can be followed and applied, and it is specifically provided that in all other instances the procedures and remedies contained in Article 2 of this Code, in connection with the making of assessments and the enforcement and collection thereof, the penalties and interest to be applied, all lien and tax warrant provisions, all incidental remedies including proceedings for an injunction, and any and all other provisions contained in Article 2 which may be applied or used to enforce the provisions hereof, shall be available and applicable to the same extent as if same were made a part hereof. |Added by Laws Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2347 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971.
68 OK Stat § 68-2385.19 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.19. Agreement with Treasury Secretary of United States.

|The Tax Commission is hereby authorized and directed to make an agreement with the Secretary of the Treasury of the United States with respect to withholding of income tax as provided by this Article, pursuant to an Act of Congress, 66 Stat. 765, Ch. 940; Pub. L. 587; 5 USCA Sections 84b, 84c, July 17, 1952, and Executive Order No. 10407, 17 F.R. 10132, November 7, 1952. |Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2348 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971.
68 OK Stat § 68-2385.20 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.20. Lists of persons filing tax returns.

|Notwithstanding the provisions of a section of the Uniform Tax Procedure Act, as same now exists or as same may hereafter be amended, making the records and files of the Oklahoma Tax Commission relating to all state tax laws privileged and confidential, the Oklahoma Tax Commission shall as soon as practicable in each year cause to be prepared and made available to the public inspection in the offices of the Oklahoma Tax Commission in Oklahoma City, Oklahoma, in such manner as it may determine, lists containing the name and post-office address of each person, whether individual, corporate or otherwise, making and filing an income tax return with the Oklahoma Tax Commission. |It is specifically provided that no liability whatsoever, civil or criminal, shall attach to any member of the Oklahoma Tax Commission or any employee thereof, for any error or omission of any name or address, in the preparation and publication of said list.It is further provided that the provisions of this act shall be strictly interpreted and shall not be construed as permitting the disclosure of any other information contained in the records and files of the Tax Commission relating to income tax or to any other taxes.Added by Laws 1965, c. 530, § 2, emerg. eff. July 24, 1965. Renumbered from § 2349 of this title by Laws 1971, c. 137, § 32, emerg. eff. May 11, 1971.
68 OK Stat § 68-2385.23 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.23. Employer's surety bond.

|A. The Oklahoma Tax Commission may require every employer who is delinquent or becomes delinquent in the withholding and remitting of taxes as required by the provisions of Sections 2385.1 through 2385.22 of Title 68 of the Oklahoma Statutes to furnish to the Tax Commission a bond from a surety company chartered or authorized to do business in this state, cash bond, certificates of deposits, certificates of savings or U.S. Treasury bonds, or an assignment of negotiable stocks or bonds, as the Tax Commission may deem necessary to secure the withholding and remitting of taxes levied pursuant to the Oklahoma Income Tax Act. |B. Any surety bond furnished pursuant to this section shall be a continuing instrument and shall constitute a new and separate obligation in the sum stated therein for each calendar year or a portion thereof while such bond is in force. Such bond shall remain in effect until the surety or sureties are released and discharged by the Tax Commission.C. The Tax Commission shall fix the amount of such bond or other security required in each case after considering the estimated tax liability of such employer. Such bond shall not be greater than an amount equal to three times the amount of the average quarterly tax liability of such employer. Any bond or security shall be such as will protect this state against failure of an employer to withhold and remit the taxes levied pursuant to the Oklahoma Income Tax Act.Added by Laws 1986, c. 218, § 29, emerg. eff. June 9, 1986.
68 OK Stat § 68-2385.24 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.24. State, county and municipal retirement systems - Withholding.

|Beginning July 1, 1989, all state and county retirement systems whose benefits were exempt from state income taxation prior to January 1, 1989, and all municipal retirement systems whose benefits were subject to state income taxation prior to January 1, 1989, shall begin to withhold monies, as required by Sections 2385.1 et seq. of this title, for state income tax purposes from the benefits paid to each member of the retirement systems, unless the member requests the retirement system not to withhold monies for state income tax purposes. |Added by Laws 1989, c. 249, § 40, emerg. eff. May 19, 1989.
68 OK Stat § 68-2385.25 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.25. Definitions.

|As used in this section through Section 2385.28 of this title: |1. “Oil” and “gas” shall be defined as such terms are defined in Section 1001.2 of this title;2. “Remitter” means any person who distributes revenue to royalty interest owners; and3. “Royalty interest owner” means any person who retains a non-working interest in oil or gas production.Added by Laws 2000, c. 315, § 6, eff. Oct. 1, 2000. Amended by Laws 2001, c. 402, § 3, eff. July 1, 2001.
68 OK Stat § 68-2385.26 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.26. Royalty interest owner - Withholding and deducting - Exceptions.

|A. Each remitter, except as otherwise provided in subsection B of this section, shall deduct and withhold from each payment being made to any royalty interest owner in respect to production of oil and gas in this state, but not including that to which the remitter is entitled, an amount equal to five percent (5%) of the gross amount which would have otherwise been payable to the person entitled to the payment. |B. The obligation to deduct and withhold from payments as provided in subsection A of this section does not apply to those payments which are made to:1. Current or permanent residents of Oklahoma;2. The United States, this state or any state or federal agency or political subdivision;3. Any charitable institution;4. Any federally recognized Indian tribe; or5. A publicly-traded partnership as defined by Section 7704 (b) of the Internal Revenue Code, 26 U.S. Code 7704 (b), that is treated as a partnership for federal tax purposes under Section 7704 (c) of the Internal Revenue Code, 26 U.S. Code 7704 (c), or its publicly-traded partnership affiliates. As used in this paragraph, "publicly-traded partnership affiliates" shall include any limited liability company or limited partnership for which at least eighty percent (80%) of the limited liability member interests or limited partnership interests of which are owned directly or indirectly by the publicly-traded partnership.The obligation to deduct and withhold from payments as provided in subsection A of this section does not apply if the remitter and the royalty interest owner are the same person.C. Any royalty interest owner from whom an amount is withheld pursuant to the provisions of subsection A of this section, or if the royalty interest owner is not liable to the State of Oklahoma for income taxes, any person to whom a royalty interest owner subsequently distributes royalty payments with respect to which an amount is withheld pursuant to the provisions of subsection A of this section, and who files an income tax return with this state is entitled to a credit against the tax as shown on the return for the amount withheld by the remitter under subsection A of this section. If the amount withheld is greater than the tax due on the return, the person filing the return shall be entitled to a refund in the amount of the overpayment.Added by Laws 2000, c. 315, § 7, eff. Oct. 1, 2000. Amended by Laws 2001, c. 402, § 4, eff. July 1, 2001; Laws 2006, c. 327, § 7, eff. July 1, 2006; Laws 2017, c. 78, § 1, eff. Nov. 1, 2017.
68 OK Stat § 68-2385.27 (2021)
2021 Oklahoma Statutes|Title 68. Revenue and Taxation|§68-2385.27. Payments - Due dates - Returns

|A. Any remitter required to deduct and withhold any amount under Section 7 of this act shall pay to the Oklahoma Tax Commission the amounts required to be deducted and withheld as follows: |1. For payments made to royalty interest owners during the months of January, February and March, the withholding amounts shall be due on or before April 30;2. For payments made to royalty interest owners during the months of April, May and June, the withholding amounts shall be due on or before July 30;3. For payments made to royalty interest owners during the months of July, August and September, the withholding amounts shall be due on or before October 30; and4. For payments made to royalty interest owners during the months of October, November and December, the withholding amounts shall be due on or before January 30 of the succeeding calendar year.B. The remitter shall file a return with each payment to the Tax Commission. The return, in a form prescribed by the Tax Commission, shall show the amount of total royalty payments made subject to withholding under Section 7 of this act and the amount of the payment withheld.C. Every remitter required under Section 7 of this act to deduct and withhold an amount from payments made during a calendar year shall furnish by January 31 of the succeeding year to the person to whom such payment was made and to the Tax Commission a written statement showing the name of the remitter, the name of the recipient of the royalty payment, the recipient’s social security number or federal identification number, the amount of royalty payments made, the amounts withheld, and any such other information as the Tax Commission may require.D. If the Tax Commission, in any case, has justifiable reason to believe that the collection of the amount provided for in Section 7 of this act is in jeopardy, the Tax Commission may require a remitter to file a return and pay the withheld amounts at any time.E. All amounts received by the Tax Commission pursuant to the provisions of Sections 6 through 9 of this act shall be deposited as provided in Section 2385.16 of Title 68 of the Oklahoma Statutes. Except as otherwise provided in Sections 6 through 9 of this act, such amounts shall be treated as other amounts withheld under the provisions of Section 2385.1 of Title 68 of the Oklahoma Statutes.Added by Laws 2000, c. 315, § 8, eff. Oct. 1, 2000.