Budget & Taxes

HB 2169 increases fees for money transmission businesses (like Western Union or MoneyGram) operating in Oklahoma. It requires a $5-$10 fee per transaction under $500, plus 1-2% on amounts over $500, with quarterly payments to the Oklahoma Tax Commission. The fees fund a Drug Money Laundering Revolving Fund, and businesses must notify customers they can claim a tax credit for the fee when filing income taxes. The law takes effect November 1, 2025, and includes enforcement measures like license suspensions for non-compliance.

HB 1104 allows Oklahoma counties with fewer than 200,000 residents to levy a 3% lodging tax on hotels and motels (excluding campsites) to fund county-owned tourism facilities. The tax requires voter approval via election or petition and must be deposited exclusively into a dedicated tourism fund, not general county revenue. Counties may not impose this tax within municipalities that already collect their own lodging tax. The bill specifies the tax must fund tourism promotion, advertising, or facility development, with proceeds restricted to these purposes only. It becomes effective November 1, 2025, pending voter approval.