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 taxpayer to avoid business closure by allowing them to enter into a payment agreement with the Tax Commission and mandates that they must file all required reports and remit all taxes due for a consecutive twenty-four-month period to avoid closure.

Furthermore, the bill outlines the procedures for the Tax Commission to notify noncompliant taxpayers of potential business closure and the appeals process available to them. It specifies that a noncompliant taxpayer can defend against closure by proving they have filed all delinquent returns and paid the taxes due or have entered into a payment agreement while having no more than three instances of untimely filings within the specified period. The bill also establishes that the decision to close a business is final if the taxpayer does not request an administrative hearing within the designated timeframe. The act is set to take effect on November 1, 2025.