Oklahoma § 68-2857 - Railroad, air carrier or public service corporation Failure or refusal to make statements or schedules - Ascertainment
Full text of Oklahoma Oklahoma Statutes § 68-2857 — Railroad, air carrier or public service corporation Failure or refusal to make statements or schedules - Ascertainment, with citation guidance and answers to common questions.
§ 68-2857. Railroad, air carrier or public service corporation Failure or refusal to make statements or schedules - Ascertainment
of value - Penalty.
A. Should any railroad, air carrier or public service
corporation doing business in this state fail or refuse to file the
statements or schedules with the Oklahoma Tax Commission within the
time and manner required by law, it shall be the duty of the State
Board of Equalization to ascertain from the best information
obtainable the value of the property of such company. The Tax
Commission may grant an extension without penalty, upon written
request of the taxpayer and for a good cause, of not to exceed
fifteen (15) days for the filing of the returns as required by the
Ad Valorem Tax Code.
B. There shall be assessed by the State Board of Equalization
an administrative penalty for every day which a railroad, air
carrier or public service corporation doing business in this state
fails or refuses to file the statements or schedules with the Tax
Commission within the time and manner required by law in the lesser
of the amount of Two Hundred Dollars ($200.00) per day for each
county in which such entity has property subject to ad valorem tax
or one percent (1%) of the assessed value. The State Board of
Equalization shall be responsible for collecting this penalty and
shall remit fifty percent (50%) of such penalty to the county
general fund of the counties in which such entity has property
subject to ad valorem tax. Fifty percent (50%) of such penalty
shall be deposited in the General Revenue Fund.
Added by Laws 1988, c. 162, § 57, eff. Jan. 1, 1992. Amended by
Laws 1995, c. 57, § 10, eff. July 1, 1995; Laws 1998, c. 405, § 7,
eff. Jan. 1, 1999; Laws 2000, c. 314, § 26, eff. July 1, 2000.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-2857
What does Oklahoma Statutes § 68-2857 cover?
Section 68-2857 ("Railroad, air carrier or public service corporation Failure or refusal to make statements or schedules - Ascertainment") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 68-2857?
A common citation format is "Oklahoma Statutes § 68-2857" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 68-2857 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.