OK HB2423

Insurance carriers and self-insured employers must pay up to three-fourths of one percent (3/4 of 1%) of total workers' compensation losses to the Oklahoma Tax Commission quarterly, based on records from the Workers' Compensation Court of Existing Claims or Workers' Compensation Commission.

Payments must be submitted to the Oklahoma Tax Commission no later than the fifteenth day of the month following each quarter-year period when compensation is paid or becomes payable.

The Workers' Compensation Court of Existing Claims or Workers' Compensation Commission determines and fixes the amounts to be paid to the Oklahoma Tax Commission, which carry the same force and effect as compensation awards and are subject to all collection provisions.

The Oklahoma Tax Commission collects payments and enforces delinquent payment collection through legal action or pursuant to Title 85A of the Oklahoma Statutes; collected funds are paid monthly to the State Treasurer for the Special Occupational Health and Safety Fund.

The act becomes effective July 1, 2017, with an emergency declaration allowing immediate effect upon passage and approval.