Federal taxes; creating the Budget Accountability for State's Economic Defense (BASED) Act; requiring certain withholding and estimated tax payments be made to State Treasurer. Effective date. Emergency.

SB 282, the "Budget Accountability for State’s Economic Defense (BASED) Act," requires Oklahoma taxpayers and employers to pay federal income taxes directly to the State Treasurer instead of the federal government. It creates a "Taxpayer Protection Escrow Revolving Fund" to hold these withheld payments until Congress passes a balanced federal budget. The bill states this action is a temporary, defensive measure to protect Oklahomans from economic harm caused by federal fiscal mismanagement, as claimed in the bill’s findings. It also includes provisions to shield Oklahomans from federal retaliation and mandates reporting requirements for the State Treasurer. The bill declares an emergency and is currently pending in committee.