Bill Summary: ENGROSSED SENATE BILL NO. 1231

• Changes tax administration filing due dates from the 10th to the 20th of the month for cigarette delivery sales reports, wholesale tobacco product reports, and employer withholding tax filings.

• Modifies quarterly withholding tax return filing requirements to be due on or before the 20th day of the month following the close of each calendar quarter, simplifying the previous complex schedule based on average tax amounts.

• Adjusts penalty provisions to allow employers and withholding entities a 15-day grace period after delinquency to correct filing failures before penalties are assessed.

• Changes remittance and filing deadlines for alcoholic beverage excise taxes, low-point beer excise taxes, and telecommunications surcharges from the 10th/15th to the 20th of applicable months.

• Becomes effective January 1, 2013, providing a uniform 20th-of-month deadline across multiple Oklahoma tax administration statutes.