ENGR. H. B. NO. 1362 - Bill Summary

• Amends Section 2844 of Title 68 O.S. 2001 to specify that omitted property assessed from prior years is subject to 12% annual interest but exempt from penalties otherwise applicable to delinquent taxes.

• Modifies Section 2871 of Title 68 O.S. 2001 to authorize the board of tax roll corrections to compel witness attendance and production of records via subpoena, with rulings on subpoena objections appealable to district court.

• Amends Section 2877 of Title 68 O.S. 2001 to allow county equalization boards to take evidence and compel witnesses/records; permits taxpayers to appear in person, by telephone, or by affidavit; and requires dismissal orders if taxpayers fail to appear without advance notice.

• Restricts communications between board members and county assessors regarding property appraisals to open meetings, public forums, or closed attorney-client consultation meetings about pending litigation; excludes routine administrative communications.

• Effective July 1, 2011, with emergency declaration allowing immediate implementation upon passage and approval.