State fiscal affairs; modifying fiscal years requiring estimated revenue collections. Effective date.
SB 582 requires Oklahoma state agencies collecting revenue into the General or Special Revenue Funds to provide the Office of Management and Enterprise Services with detailed, itemized forecasts of expected collections for the current year and the next two fiscal years. It also mandates the Oklahoma Tax Commission to submit comprehensive economic reports - analyzing recent performance and forecasting national/state trends - to the Director of Management and Enterprise Services at least two weeks before State Board of Equalization meetings, including assessments of past forecast accuracy. These reports and revenue estimates must be shared simultaneously with key legislative committees. The bill takes effect November 1, 2025, and became law without the Governor's signature on May 7, 2025.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Mar 2025
House Passage
Apr 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 7, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
This bill was revised to reflect its progression from the House to the Senate floor, incorporating Senate-specific amendments that add new reporting requirements for the Oklahoma Tax Commission. The Senate version expands the reporting obligations to include a comprehensive economic report and requires submissions to additional legislative leaders beyond the original House version.
Scope change
The bill's scope was expanded to include additional reporting recipients and a new economic forecasting requirement for the Tax Commission.
REQUIREMENT
Added requirement for the Oklahoma Tax Commission to provide a comprehensive economic report two weeks before State Board of Equalization meetings, including national and state economic forecasts and accuracy analysis.
Added requirement for reports and documents to be provided to the President Pro Tempore of the Senate, Senate Appropriations and Finance Committees, and House Appropriations and Budget Committee in addition to the Director of OMS.
TIMELINE
Added Senate floor version date of February 17, 2025 and updated committee report attribution from House Appropriations and Budget Committee to Senate Committee on Revenue and Taxation.
TECHNICAL
Removed House-specific header information and House committee report dated 04/17/2025.
Floor votes · Senate Mar 12, 2025 · House Apr 29, 2025
How they voted
36–11
Passed · 2 other
Total votes 49
Mar 12, 2025
D
Democratic9
100% Yea
R
Republican40
67% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
6
Committee
6
Apr 29, 2025
Committee
Referred for enrollment
upper
Apr 29, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 70 Nays: 15
lower
Apr 17, 2025
Lower · Passed
CR; Do Pass Appropriations and Budget Committee
lower
Apr 8, 2025
Lower · Passed
Recommendation to the full committee; Do Pass Appropriations and Budget General Government Subcommittee
lower
Apr 2, 2025
Committee
Referred to Appropriations and Budget General Government Subcommittee
lower
Mar 13, 2025
Introduced
First Reading
lower
Mar 13, 2025
Upper · Passed
Engrossed to House
upper
Mar 12, 2025
Committee
Referred for engrossment
upper
Mar 12, 2025
Upper · Passed
Measure passed: Ayes: 34 Nays: 11
upper
Feb 17, 2025
Upper · Passed
Reported Do Pass Revenue and Taxation committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors
Sponsors
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