Bill > HB3616

This bill, titled the "Oklahoma Tax Laundering Prevention Act of 2026," establishes a new law that will not be incorporated into the official Oklahoma Statutes, meaning it's a standalone piece of legislation. The primary purpose of this act is to prevent "tax laundering," which generally refers to the illegal practice of disguising the origins of illegally obtained money by passing it through legitimate financial systems or businesses to make it appear as though it came from a legal source, thereby avoiding taxes. The bill also specifies that it will take effect on November 1, 2026.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3616&Session=2600