This bill amends Section 2373 of Title 68 of the Oklahoma Statutes, which pertains to claims for tax refunds. The key changes include the removal of the time limitation for filing claims for refunds due to overpayment, allowing taxpayers to file claims without a specified deadline. Additionally, the bill eliminates the previous cap on the amount of refunds that could be claimed. It also specifies that these time limitations do not apply to claims filed by members of federally recognized Indian tribes, ensuring that they can seek refunds without restriction.

Furthermore, the bill mandates that interest be paid on refunds issued to members of federally recognized Indian tribes or on behalf of their wards for taxes illegally collected from tax-exempt lands, at a rate of six percent per annum from the date of payment until the date of the refund. The bill is set to take effect on November 1, 2026.

Statutes affected:
Introduced: 68-2373