Federal taxation; creating the Taxpayer Protection Act. Effective date.

SB 306, the "Taxpayer Protection Act," would require Oklahoma taxpayers and employers to submit federal tax forms and payments to the Oklahoma Tax Commission instead of the IRS. The bill creates a "Federal Tax Fund" in the state treasury to hold these payments, which would only be sent to the federal government if the legislature determines the federal tax code is constitutional. It declares federal penalties for complying with the bill void and mandates that Oklahoma withhold funds until the legislature votes on the constitutionality of federal tax mandates. This directly affects all Oklahoma taxpayers, employers, and the state’s tax collection process.