The "Gross Production Tax Modernization Act of 2026" is a new piece of legislation aimed at updating the existing framework for revenue and taxation in Oklahoma. This act introduces a new section of law that will not be codified in the Oklahoma Statutes, establishing the title of the act itself.

The act is set to take effect on November 1, 2026, marking a significant date for the implementation of its provisions. There are no specific insertions or deletions from current law mentioned in the text provided.