A. The excise tax imposed pursuant to the provisions of Section 400 et seq. of Title 68 of the Oklahoma Statutes upon the sale, distribution, use, exchange, barter or possession of tobacco products within the state shall be due and payable on the first day of each month by the wholesaler. For the purpose of ascertaining the amount of the tax payable by the wholesaler, the wholesaler shall file electronically with the Oklahoma Tax Commission, on or before the twentieth day of each month and upon a form prescribed and furnished by the Commission, a tobacco products tax report signed by the wholesaler under oath. The report shall include:
1. All purchases and deliveries including invoices detailing purchases and shipments from manufacturers to the wholesaler and from the wholesaler to the licensed retailer for the previous calendar month;
2. The taxes due under Section 400 et seq. of Title 68 of the Oklahoma Statutes during the preceding calendar month; and
3. Any other information required by the Commission for the purposes of correctly computing and collecting the tax levied herein. In addition to the information required on reports, the Tax Commission may request, and the taxpayer must furnish, any information deemed necessary to enforce the provisions of Section 400 et seq. of Title 68 of the Oklahoma Statutes. Such tax remitter shall compute and remit to the Tax Commission the required tax due for the preceding calendar month, the remittance or remittances of the tax to accompany the reports herein required. If not filed or paid on or before the twentieth day of such month, the tax shall be delinquent from such date. If a report is not timely filed, interest shall be charged from the date the report should have been filed until the date the report is actually filed.
B. It shall not be necessary for any person or entity to purchase stamps or affix stamps to tobacco products in order to comply with the requirements of Section 400 et seq. of Title 68 of the Oklahoma Statutes or the provisions of this act.
C. If the tobacco products tax report or payment of taxes is due on any day specified in Section 82.1 of Title 25 of the Oklahoma Statutes or on a date when the Federal Reserve Banks are closed, such requirements may be performed on the next succeeding business day and no liability shall result from the delay.
D. The monthly reports shall be filed electronically in the format prescribed by the Tax Commission and the tax shall be remitted to the Tax Commission by electronic funds transfer.
Added by Laws 2021, c. 385, § 3, eff. July 1, 2021.