Oklahoma Tax Commission; prescribing manner of operation; requiring reduction of fees, fines, penalties, and interest levied or charged by the Commission. Effective date.

SB 825 requires the Oklahoma Tax Commission to reduce all fees, fines, penalties, and interest charged to taxpayers by 20% starting January 1, 2026. It mandates that the Commission focus on helping taxpayers comply with tax laws rather than generating revenue, and directs the return of incorrectly collected amounts plus double the interest that would have been charged. Taxpayers who were overcharged or wrongly assessed due to errors will receive refunds with interest added at twice the standard rate. This bill directly affects all Oklahomans who pay state taxes, altering how the Commission collects and handles financial penalties.