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Oklahoma Legislature· HB 2962Recommendation to the full committee; Do Pass Appropriations and Budget General Government Subcommittee

An act relating to revenue and taxation, the official text

Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1                            STATE OF OKLAHOMA

2          2nd Session of the 60th Legislature (2026)

3 HOUSE BILL 2962               By: West (Rick)

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7                            AS INTRODUCED

8   An Act relating to revenue and taxation; amending 68

    O.S. 2021, Section 2373, as amended by Section 9,

9   Chapter 113, O.S.L. 2023 (68 O.S. Supp. 2025, Section

    2373), which relates to claims for refund; removing

10  time limitation when a claim for refund due to

    overpayment must be made; removing amount of refund

11  limitation; providing that a time limitation does not

    apply to claims filed by members of federally

12  recognized Indian tribes; and providing an effective

    date.

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17 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

18  SECTION 1.      AMENDATORY  68 O.S. 2021, Section 2373, as

19 amended by Section 9, Chapter 113, O.S.L. 2023 (68 O.S. Supp. 2025,

20 Section 2373), is amended to read as follows:

21  Section 2373. A. Any claim for refund filed pursuant to this

22 section must be made on a return, in the form prescribed by the

23 Oklahoma Tax Commission.

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    Req. No. 13950                                                  Page 1
1   B. Any claim for refund of an overpayment of any tax imposed by

2 Section 2355 of this title must may be made within three (3) years

3 from the due date of the return, including the period of any

4 extension of time for filing a return, or two (2) years from the

5 payment of the tax liability, whichever of such periods expires

6 later, or if no return was filed by the taxpayer, within two (2)

7 years from the time the tax was paid without limitation as to time

8 from the due date of the return.

9   C. Except as provided in subsection H of Section 2375 of this

10 title, no refund shall be allowed or made after the expiration of

11 the period of limitation prescribed in subsection B of this section

12 for the filing of a claim for refund, unless a claim for refund is

13 filed by the taxpayer within such period. If a claim for refund is

14 filed during the period prescribed in subsection B of this section,

15 the amount of the refund, if any, shall not exceed the amount of tax

16 paid within the period, immediately preceding the filing of the

17 claim, equal to three (3) years plus the period of any extension of

18 time for filing a return. If the claim was not filed within the

19 three (3) year period prescribed in subsection B of this section,

20 the refund shall not exceed the portion of the tax paid during the

21 two (2) years immediately preceding the filing of the claim.

22  D. If, upon any revision or adjustment, including overpayment

23 or illegal payment on account of income derived from tax-exempt

24 Indian land, any refund is found to be due any taxpayer, it shall be

    Req. No. 13950                                                  Page 2
1 paid out of the "Income Tax Withholding Refund Account", created by

2 Section 2385.16 of this title, in the same manner as refunds are

3 paid pursuant to such section.

4   E. The three-year limitation set forth in provisions of

5 subsection C of this section shall not apply to the amount of

6 refunds payable upon claims filed by members of federally recognized

7 Indian tribes or the United States on behalf of its Indian wards or

8 former Indian wards, to recover taxes illegally collected from tax-

9 exempt lands. In the case of any refund to a member of a federally

10 recognized Indian tribe or to the United States on behalf of its

11 Indian wards or former Indian wards, to recover taxes illegally

12 collected on bonus payments from oil and gas leases located on tax-

13 exempt Indian lands pursuant to this section, the Tax Commission

14 shall pay interest on all refunds issued after January 1, 1996, at

15 the rate of six percent (6%) per annum from the date of payment by

16 the taxpayer to the date of the refund.

17  F. In cases that the Tax Commission and the taxpayer have

18 signed a consent, as provided by law, extending the period during

19 which the tax may be assessed, the period during which the taxpayer

20 may file a claim for refund or during which an allowance for a

21 refund may be made shall be automatically extended to the final date

22 fixed by such consent plus thirty (30) days.

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    Req. No. 13950                                                  Page 3
1   G. The Oklahoma Tax Commission may authorize the use of direct

2 deposit in lieu of refund checks for electronically filed income tax

3 returns.

4   SECTION 2. This act shall become effective November 1, 2026.

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6   60-2-13950      AO  12/15/25

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