Okla. Admin. Code § 710:1-3-55

Current through Vol. 42, No. 7, December 16, 2024

Section 710:1-3-55 - Procedures for remittance and deposit of collections; apportionment; recordkeeping

(a) All tax warrants collected upon by a county sheriff must be returned monthly, attached to a tax warrant summary sheet. Each tax warrant collection summary sheet must have a check attached for the total collected, including collection fee.

(b) All collections shall be deposited within 48 hours of collection to a separate account in the county, maintained by each sheriff and used exclusively for these deposits.

(c) Each month, the sheriff will forward a check, attached to a collection summary sheet, to the Commission.

(d) The Commission shall process, account for and disburse the funds as provided by law. The checks transferred to the Commission shall be deposited in the Oklahoma Tax Commission Fund.

(e) The sheriff's fee shall be apportioned and returned to the sheriff as soon as practicable after deposit and verification that payment of tax, penalty, interest and fees has been made in full.

(f) Sheriffs shall maintain records of deposits made to the Oklahoma Tax Commission fund. Such records shall be kept on forms prescribed by the Commission and be submitted in the manner specified by the Commission for verification of disbursements.

Okla. Admin. Code § 710:1-3-55