OK SB582

Amends 62 O.S. 2021, Section 34.2 to modify revenue estimation requirements for state agencies responsible for collecting General Revenue Fund and Special Revenue Fund monies.

Requires agencies to provide the Director of the Office of Management and Enterprise Services with itemized revenue estimates for the ensuing fiscal year and removes the requirement for following two fiscal years in certain provisions.

Mandates Oklahoma Tax Commission provide comprehensive economic reports to the Director no later than two weeks before State Board of Equalization meetings, including national and state economic forecasts for the current fiscal year and following two fiscal years.

Requires Tax Commission to provide all estimates, explanations, statements, projections, and reports to legislative leadership including the President Pro Tempore of the Senate, Senate Appropriations and Finance Committee members, Speaker of the House, and House Appropriations and Budget Committee members.

Becomes effective November 1, 2025.