{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-224","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-224","heading":"Declaration of termination of taxable period and","body":"acceleration of assessment.\n\n(a) If the Tax Commission, notwithstanding that a tax return or\n\nreport, or the tax with respect thereto, may not yet be due, and\n\nwhether prior to or after the close of the taxable period, believes\n\nthat:\n\n(1) The tax liability of any person, who has a bond on file with\n\nthe Tax Commission to indemnify the state for the payment of any\n\nstate tax, has accrued in excess of the amount of the bond, or\n\n(2) A taxpayer intends to depart or remove from the state, or\n\nconceal himself or any of his property subject to a lien for the\n\npayment of any state tax, or\n\n(3) A taxpayer intends to discontinue business, or\n\n(4) A taxpayer intends to do any other act tending to prejudice\n\nor render wholly or partially ineffectual proceedings to compute,\n\nassess or collect any state tax, the Tax Commission shall by its\n\norder declare the taxable period of any State tax terminated for\n\nsuch person, and shall immediately assess the tax from any\n\ninformation in its possession, notify the taxpayer, and demand\n\nimmediate payment thereof. In the event of any failure or refusal\n\nto pay the tax by the taxpayer upon the demand of the Tax\n\nCommission, the tax shall become delinquent and the Tax Commission\n\nshall proceed to collect the same as in other cases of delinquent\n\ntax.\n\n(b) The order of the Tax Commission assessing the tax may be\n\nappealed from as provided in this article, or the taxpayer may\n\nfurnish to the Tax Commission security that he will make any return\n\nor report thereafter required to be filed with the Tax Commission,\n\nand pay the tax with respect to the taxable period when due, as\n\nprovided for by the general procedure pertaining to the tax\n\ninvolved. After security is approved and accepted, and such further\n\nand other security with respect to the tax or taxes covered thereby\n\nis given, as the Tax Commission shall, from time to time find\n\nnecessary and require, the payment of such taxes shall not be\n\nenforced by any proceedings prior to the expiration of the time\n\notherwise allowed for paying such taxes.\n\n(c) In cases where the assessment here authorized is made prior\n\nto the close of the taxable period, and in case the taxpayer elects\n\nto pay his taxes rather than to file a bond as herein provided for,\n\nthe taxpayer may pay to the Tax Commission the sum assessed,\n\ntogether with additions to the tax provided by law, and at the time\n\nof making such payment shall notify the Tax Commission of his\n\nintention, at the close of the taxable period to file suit for\n\nrecovery as provided in this article. Upon receipt of such notice\n\nthe amount paid shall be segregated and held until the termination\n\nof thirty (30) days following the close of the taxable period for\n\nwhich levied; and if within such period, namely within thirty (30)\n\ndays following the close of the taxable period, taxpayer files suit\n\nfor recovery, the fund so segregated shall be further held pending\n\nthe final determination of such suit.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3911f6569a8c239a729cefd58b81c1fbed529d87c0b9a15e5c59667c2ff431af","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-223","next":"us-ok/okla.-stat.-tit.-68-68-225"},"notice":"GroundRules: Original legal text. Not legal advice."}