{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-450.5","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-450.5","heading":"Immediate assessment and collection of tax - Delinquency","body":"- Penalties.\n\nA. The taxable period of the tax levied by Section 2 of this\n\nact for any dealer not possessing valid stamps showing that the tax\n\nhas been paid shall be declared terminated by the Commission as\n\nprovided in paragraph 4 of subsection a of Section 224 of this\n\ntitle. The Commission shall immediately assess the tax and\n\napplicable penalties from any information in its possession, notify\n\nthe taxpayer, and demand immediate payment thereof. In the event of\n\nany failure or refusal to pay the tax and penalties immediately by\n\nthe taxpayer, the tax shall become delinquent and the Commission\n\nshall proceed to collect such tax and penalties in the manner\n\nprescribed by law.\n\nB. No person may bring an action to enjoin the assessment or\n\ncollection of any taxes, interest or penalties imposed by the\n\nprovisions of this act.\n\nC. The tax and penalties assessed by the Commission pursuant to\n\nthe provisions of this act are presumed to be valid and correctly\n\ndetermined and assessed. The burden is upon the taxpayer to show\n\ntheir incorrectness or invalidity.","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":"07dee9c603b5e9c9c9c54fd3c4b28d9b7be3a748d7ffa4883c67d6dcd3f769a4","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-450.4","next":"us-ok/okla.-stat.-tit.-68-68-450.6"},"notice":"GroundRules: Original legal text. Not legal advice."}