us-ok/stat
Okla. Stat. tit. 68, § 219
Compounding, settlement or compromise of controversies, judicial approval in certain cases
The Oklahoma Tax Commission is authorized to enter into an agreement to compound, settle or compromise any controversy relating to taxes collectible by the Tax Commission, or any admitted or established tax liability as to any tax collectible under any State Law in the following cases:
# (1)
In cases of controversy arising over the amount of tax due, or,
# (2)
In case of inability to pay, resulting from insolvency of the taxpayer.
In any case where the amount of any tax liability which has been admitted or established exceeds Twenty-five Thousand Dollars ($25,000.00), no agreement to compound, settle or compromise such tax liability shall be effective until the settlement thereof shall have been approved by judgment of one of the judges of the district court of Oklahoma County, after a full hearing thereon.
Amendment history
Added by Laws 1965, c. 414, § 2, emerg. eff. July 7, 1965. Amended by Laws 2005, c. 362, § 1, eff. Nov. 1, 2005; Laws 2018, c. 66, § 2, eff. July 1, 2018.
Source: view the official text
Nearby sections (25 sections)
- 213 · Notice to taxpayer on final determination of tax liability when…
- 214 · Release of property from lien - Execution and recording
- 215 · Collection of taxes, penalties, in same manner as personal debt
- 216 · Extension of time for filing return
- 216.1 · Repealed by Laws 1999, c. 390, § 16, emerg. eff. June 8, 1999
- 216.2 · Tax amnesty program
- 216.3 · Voluntary Compliance Initiative
- 216.4 · Voluntary Disclosure Initiative
- 216.5 · Statutory voluntary compliance initiative – Participation for…
- 217 · Interest and penalties on delinquent taxes – Interest on refunds
- 218 · Remittance of taxes and fees - Dishonored checks - ATMs in…
- 218.1 · False or bogus check - Penalties
- 219 · Compounding, settlement or compromise of controversies, judicial…
- 219.1 · Abatement of tax liability and interest and penalties accruing…
- 220 · Waiver or remission of interest or penalties - Voluntary…
- 221 · Reports or returns by taxpayer
- 221.1 · Date of postmark deemed to be date of delivery or of payment
- 222 · Procedure on default of taxpayer in enumerated matters
- 223 · Limitation of time for assessment of taxes - Extension agreements…
- 224 · Declaration of termination of taxable period and acceleration of…
- 225 · Appeals
- 226 · Action to recover taxes as additional remedy to aggrieved taxpayer
- 227 · Erroneous payments - Claims for refund - Demand for hearing
- 227.1 · Illegal or invalid state tax laws - Process for obtaining…
- 228 · Hearings on claims for refunds