A. The Tax Commission shall be authorized to assess taxes against a taxpayer and such assessments are presumed to be correct.

B. When it appears that the return filed by the taxpayer does not reflect the tax due under this chapter, the Tax Commission shall audit the taxpayer for the deficiency, interest, penalties, and costs.

C. If no return is filed, the Tax Commission is authorized to make an estimate of the tax due, and to assess the taxpayer for that tax, interest, penalties, and costs, subject to the provisions of Section 9-110(D) of this Title.

D. If the taxpayer fails to provide information within its possession or control, which is relevant to an assessment of taxes due, and which it is required to provide under this chapter, the Tax Commission is authorized to make an estimate of the tax due and to assess the taxpayer unless it is shown by the taxpayer that the estimate, on the basis of the best information available to the Tax Commission, was clearly erroneous.

E. All taxpayers subject to this possessory interest tax shall remit the taxes due for a calendar year. ONCA 06-10, eff. Sept. 29, 2006.