House Bill No. 3044 amends Section 63.19 of Title 72 of the Oklahoma Statutes, which pertains to tax refund donations to the Oklahoma Department of Veterans Affairs. The bill reauthorizes the existing provisions that allow taxpayers to donate a portion of their tax refunds to support the Department's Equipment and Capital Improvement Program. It specifies that the funds generated from these donations will be utilized for purchasing equipment, developing capital improvement projects, and acquiring properties for enhancing existing or future projects. Additionally, the bill establishes a revolving fund, the "Capital Improvement Program Revolving Fund," to manage these donations and outlines the procedures for investment and expenditure of the fund.

The bill also includes a provision for taxpayers who may mistakenly make a donation, allowing them to file a claim for a refund within three years from the due date of their tax return. If such claims are approved, the refunded amounts will be deducted from the total donations in the following year before being allocated to the State Treasurer. The act is set to take effect on November 1, 2026.