This bill proposes the repeal of 68 O.S. 2021, Section 2357.32B, which pertains to revenue and taxation in the state of Oklahoma. The repeal indicates a legislative decision to eliminate this specific section from the current tax code, although the bill does not provide details on the implications of this repeal or the reasons behind it.

The act is set to take effect on November 1, 2025, allowing for a transition period before the repeal is implemented. This timeline may provide stakeholders, including taxpayers and tax professionals, with the opportunity to adjust to the changes in the law.

Statutes affected:
Introduced: 68-2357.32B