OK SB730

Amends the Oklahoma Tax Commission's authority to pay tax refunds by allowing use of funds from the unclassified taxes account when current collections are insufficient.

Expands circumstances for referring delinquent tax accounts to debt collection agencies to include sales tax permit holders who fail to file two or more consecutive returns and withholding tax filers who miss two or more required filings.

Requires the Tax Commission to review all payments posted by collection agencies before continuing collection efforts, and agencies must confirm received payments to taxpayers within 10 business days.

Limits debt collection agency fees to a maximum of 35% of total delinquent taxes, penalties, and interest actually collected, with all funds remitted to the Tax Commission within 5 days.

Becomes effective November 1, 2011.