Okla. Admin. Code § 165:30-21-16

Current through Vol. 42, No. 3, October 15, 2024

Section 165:30-21-16 - Interest

(a) When any licensee fails to make a required tax remittance to the Commission before the delinquency date, the licensee shall pay, in addition to the penalty provided for herein, interest in the amount as prescribed in the IFTA. When delinquencies of a fractional month occur, the effected jurisdictions will not receive their tax payments until the following transmittal month. Therefore, interest on delinquencies for a fractional portion of a month shall be calculated at the full month rate.

(b) In accordance with the International Fuel Agreement, the Commission cannot waive interest assessed and/or paid by a licensee on behalf of other jurisdictions. Licensees desiring other jurisdiction(s) interest waivers must receive written authorization from the other jurisdiction(s) and present such waivers to the Transportation Division. Upon confirmation, the Transportation Division may remove the amounts from an assessment, or if previously paid, refund those amounts to the licensee.

(c) Interest due on Oklahoma's portion of fuel taxes remitted on an IFTA quarterly return may be waived by the Commission for good cause shown. Good cause, while not limited to the items below, may include:

(1) Commission error causing the delinquency,

(2) Extended history of timely filing (at least two years) and payments prior to the delinquency, or

(3) Natural disaster causing the delinquency.

(d) Licensee's who desire waiver of interest amounts greater than $1,000 must file an appeal with the Court Clerk's Office in accordance with OCC administrative procedures.

Okla. Admin. Code § 165:30-21-16

Added at 23 Ok Reg 2325, eff 7-1-06; Amended at 29 Ok Reg 951, eff 7-1-12