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, stipulating that if a taxpayer fails to "timely" file three reports or remit taxes for three months within the same period, the Oklahoma Tax Commission may proceed with closure. The bill also outlines the notification process for taxpayers regarding potential closure and the steps they can take to avoid it.

Furthermore, the bill introduces new provisions that allow a noncompliant taxpayer to avoid closure by either filing all delinquent reports and remitting taxes or entering 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. It establishes a clear process for administrative hearings regarding business closures, including timelines for hearings and decisions. The bill emphasizes that the procedures outlined are the sole methods for seeking relief from closure decisions and sets forth penalties for continued operation after a closure order. The effective date for this act is set for November 1, 2025.