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 Oklahoma Tax Commission is granted the authority to close the business of a noncompliant taxpayer, following specific notification procedures.

To avoid closure, a noncompliant taxpayer can either file all delinquent reports and remit the owed taxes or enter into a payment agreement with the Tax Commission while also filing all required reports and remitting taxes due for a consecutive twenty-four-month period. The bill also outlines the process for administrative hearings regarding business closures, including the timeline for hearings and the rights of the taxpayer to present evidence. The effective date for this act is set for November 1, 2025.