Oklahoma § 68-450.5 - Immediate assessment and collection of tax - Delinquency
Full text of Oklahoma Oklahoma Statutes § 68-450.5 — Immediate assessment and collection of tax - Delinquency, with citation guidance and answers to common questions.
§ 68-450.5. Immediate assessment and collection of tax - Delinquency
- Penalties.
A. The taxable period of the tax levied by Section 2 of this
act for any dealer not possessing valid stamps showing that the tax
has been paid shall be declared terminated by the Commission as
provided in paragraph 4 of subsection a of Section 224 of this
title. The Commission shall immediately assess the tax and
applicable penalties from any information in its possession, notify
the taxpayer, and demand immediate payment thereof. In the event of
any failure or refusal to pay the tax and penalties immediately by
the taxpayer, the tax shall become delinquent and the Commission
shall proceed to collect such tax and penalties in the manner
prescribed by law.
B. No person may bring an action to enjoin the assessment or
collection of any taxes, interest or penalties imposed by the
provisions of this act.
Oklahoma Statutes - Title 68. Revenue and Taxation
C. The tax and penalties assessed by the Commission pursuant to
the provisions of this act are presumed to be valid and correctly
determined and assessed. The burden is upon the taxpayer to show
their incorrectness or invalidity.
Added by Laws 1990, c. 25, § 5, operative July 1, 1990.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-450.5
What does Oklahoma Statutes § 68-450.5 cover?
Section 68-450.5 ("Immediate assessment and collection of tax - Delinquency") 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 § 68-450.5?
A common citation format is "Oklahoma Statutes § 68-450.5" (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 § 68-450.5 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.