The bill amends various sections of the Oklahoma Statutes concerning revenue and taxation, particularly the operations of the Oklahoma Tax Commission. It enhances the Tax Commission's capabilities by allowing it to provide revenue estimates and recommendations to the Legislature using a dynamic revenue estimating model that factors in economic activity and taxpayer behavior. The bill also permits the Tax Commission to collaborate with educational institutions for assistance in these tasks. Additionally, it introduces a system for maintaining a list of delinquent taxpayers, which may be posted online, and establishes a notification process for taxpayers prior to the disclosure of their information. Other provisions include the authority for the Tax Commission to waive or remit interest and penalties under certain conditions and the introduction of a fee for reissuing tax refunds.

Moreover, the bill revises the process for garnishing wages to collect delinquent taxes, allowing the Tax Commission to issue administrative wage garnishments after a tax has been delinquent for ninety days, contingent upon prior notice to the taxpayer and the issuance of a tax warrant. It specifies that employers must withhold up to 25% of an employee's earnings until the owed amount is fully collected and requires employers to inform the Tax Commission if the employee is no longer employed. The bill also updates penalties for violations related to unpaid tobacco taxes, implementing a tiered system of administrative fines for individuals and retailers, with increased penalties for repeat offenses. It removes the requirement for these fines to be deposited into a specific fund, directing them instead to the Tobacco Products Tax Enforcement Unit Revolving Fund. The act is scheduled to take effect on November 1, 2025.

Statutes affected:
Introduced: 68-118, 68-227