Okla. Stat. tit. 68, § 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.