Revenue and taxation; claims for refund; time limitation; effective date.

HB 2962 shortens the time limit for most Oklahomans to file tax refund claims from three years to two years after paying a tax. It specifically exempts refunds for federally recognized Indian tribes or the U.S. on behalf of tribal members (including claims for taxes on oil/gas lease payments from tribal lands), requiring the Tax Commission to pay 6% interest on such refunds issued after 1996. The bill also allows direct deposit for electronic tax refunds and extends refund periods if a taxpayer and Tax Commission agree to extend tax assessment deadlines. It takes effect November 1, 2026.