Bill Summary: HB 1875

• Reduces the Oklahoma Tax Commission's retention fee for county sales tax collection from 1% to 0.5% of gross collection proceeds under Section 1371

• Reduces the Tax Commission's retention fee for municipal sales and use tax collection from 1.75% to 0.5% under Section 2702

• Effective July 1, 2015, allocates a portion of state sales tax revenue (0.5% from county levies and 0.5% from municipal levies) to the Tax Commission and Office of Management and Enterprise Services Joint Computer Enhancement Fund

• Modifies Section 265 to establish how revenues from Tax Commission contracts are apportioned to the Computer Enhancement Fund beginning in fiscal year 2016

• Becomes effective July 1, 2015