OK HB2530

County assessors must report assessed valuations and assessment ratios for each school district to the Oklahoma Tax Commission by September 1 annually

County assessors who fail to report by October 1 face a $100 per day penalty until compliance is achieved

Oklahoma Tax Commission must notify the county assessor, district attorney, county treasurer, and school superintendents of any noncompliance via return receipt mail

District attorneys must immediately initiate court action to collect accumulated penalties from non-compliant county assessors, with collected fines deposited in a special county account and distributed to school districts based on average daily attendance

Effective date of July 1, 2016, with an emergency clause for immediate implementation upon passage