The bill amends Section 1368.3 of Title 68 of the Oklahoma Statutes, which pertains to noncompliant taxpayers operating under a sales tax permit. It modifies the definition of a noncompliant taxpayer to include those who fail to "timely" file reports or remit taxes due for two months within a consecutive twenty-four-month period. Additionally, the bill expands the requirements for a noncompliant taxpayer to avoid business closure by stipulating that they must timely file three reports or remit taxes due for three months within the same period. The bill also outlines the notification process for taxpayers regarding potential business closure and the defenses available to them to prevent closure.

Furthermore, the bill introduces new provisions that allow noncompliant taxpayers to avoid closure by entering into a payment agreement with the Tax Commission and filing all required reports and remitting taxes due for a consecutive twenty-four-month period. It establishes a clear process for administrative hearings regarding business closures, including timelines for hearings and decisions. The bill also specifies that if a taxpayer fails to seek administrative or judicial review of a closure decision, the Tax Commission can post a notice at the business indicating it is subject to a closure order. The effective date for this act is set for November 1, 2025.