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OK SB243
Bill
Status
3/11/2015
Primary Sponsor
George Faught
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AI Summary
SB 243 Summary
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State Treasury payments must be conveyed solely through electronic payment mechanisms, with the State Treasurer authorized to grant exemptions for cause with public reporting of exempted payments.
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Oklahoma Tax Commission may offer direct deposit and card-based disbursement systems for individual income tax refunds, but taxpayers may elect to receive refunds by alternative means with notice on tax return forms.
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Tax Commission prohibited from releasing full social security numbers to entities contracted to implement card-based disbursement systems.
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State Treasurer authorized to establish procedures complying with Federal Banking and National Automated Clearing House standards, and agencies required to use automated clearing house procedures.
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Act becomes effective November 1, 2015.
Legislative Description
Public finance; relating to payment of claims; authorizing taxpayer election to have tax refunds paid from other than card-based system. Effective date.
Last Action
Recommendation to the full committee; Do Pass Appropriations and Budget General Government Subcommittee sub-committee
3/31/2015