OK SB1244

Extends the time period for taxpayers to avoid penalties on delinquent sales, use, tourism, mixed beverage, and motor fuel taxes from 30 days to 60 days after mailing of proposed assessment or amended return filing.

Extends the time period for taxpayers to file a demand for hearing on denied refund claims from 30 days to 60 days after notice of denial is mailed.

Modifies penalty collection procedures for income tax by requiring taxpayers to remit both tax and interest within 60 days to avoid a 5 percent penalty on delinquent amounts.

Extends the penalty waiver timeframe for withholding tax from an unspecified period to 60 days of mailing a proposed assessment or amended return filing.

Effective November 1, 2014.