OK SB474

Amends Oklahoma tax confidentiality law (68 O.S. Section 205) to add a new disclosure exception allowing the Tax Commission to provide information to the State Treasurer necessary to implement the income tax refund donation program.

Requires all state individual income tax return forms for tax years beginning after December 31, 2015, to include a provision allowing taxpayers to donate their tax refunds to accounts established under the Oklahoma College Savings Plan.

Establishes new section 2368.27 of Title 68 to codify the income tax refund donation option.

Effective November 1, 2015.