HB 3166 Summary

• Modifies tax refund offset procedures to allow state agencies, municipal courts, and district courts to deduct debts owed to them from state income tax refunds, with a 5% collection expense (2% retained by Tax Commission, 3% to collecting entity).

• Requires debtors to receive notice of refund offset claims and grants them 60 days to request a hearing to contest the claim (30 days for Department of Human Services claims).

• Adds "Model 4 Seller" definition to Streamlined Sales and Use Tax law and modifies florist sourcing rules to apply sourcing standards to all florist sales immediately rather than after January 1, 2011.

• Requires "specified tax return preparers" to file all Oklahoma individual income tax returns electronically by electronic means.

• Establishes sales tax exemption for sales of gold, silver, platinum, palladium, and other bullion items stored in recognized depository facilities, excluding fabricated metals used for artistic purposes or jewelry.

• Effective November 1, 2010.