Oklahoma § 3-541 - Projects declared essential governmental functions Exemption from taxation
Full text of Oklahoma Oklahoma Statutes § 3-541 — Projects declared essential governmental functions Exemption from taxation, with citation guidance and answers to common questions.
§ 3-541. Projects declared essential governmental functions Exemption from taxation
Oklahoma Statutes - Title 3. Aircraft and Airports
The exercise of the powers granted by the Oklahoma Space
Industry Development Act to the Oklahoma Space Industry Development
Authority will be in all respects for the benefit of the people of
the state. The operation and maintenance of projects by the
Authority will constitute the performance of essential governmental
functions, and the Authority shall not be required to pay any taxes
or assessments upon any project or any property acquired or used by
the Authority under the provisions of the Oklahoma Space Industry
Development Act or upon the income therefrom, and the bonds issued
under the provisions of the Oklahoma Space Industry Development Act,
their transfer and the income therefrom, including any profit made
on the sale thereof, shall at all times be free from taxation within
the state.
Added by Laws 1999, c. 164, § 31, eff. July 1, 1999. Amended by
Laws 2025, c. 274, § 15, eff. July 1, 2025. Renumbered from § 5231
of Title 74 by Laws 2025, c. 274, § 48, eff. July 1, 2025.
Frequently Asked Questions About Oklahoma § 3-541
What does Oklahoma Statutes § 3-541 cover?
Section 3-541 ("Projects declared essential governmental functions Exemption from taxation") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 3-541?
A common citation format is "Oklahoma Statutes § 3-541" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 3-541 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.