Oklahoma § 52-288.8

§ 52-288.8.

1993.

Repealed by Laws 1993, c. 184, § 11, emerg. eff. May 17,

§52-288.8A.

Levy of assessment - Remitting - Rate - Collection.

Oklahoma Statutes - Title 52. Oil and Gas

A. To fund the activities of the Oklahoma Energy Resources

Board, an assessment shall be levied in the amount of one-tenth of

one percent (1/10 of 1%) of the gross revenues received at the

wellhead for oil, natural gas, casinghead gas or condensate produced

from each well in the State of Oklahoma except for production exempt

from the payment of gross production tax pursuant to Section 1001 of

Title 68 of the Oklahoma Statutes.

B. The assessment levied by subsection A of this section shall

be deducted from the proceeds of production by the person remitting

gross production tax to the Oklahoma Tax Commission pursuant to

Section 1001 of Title 68 of the Oklahoma Statutes. Such assessment

shall be remitted to the Oklahoma Tax Commission in the same manner

as is provided by law for the payment of gross production tax.

Provided, the person remitting the assessment may remit cumulative

amounts of Twenty-five Dollars ($25.00) or less quarterly. To

defray the costs of receiving and depositing the assessments levied

by this section, the Oklahoma Tax Commission shall retain Two

Thousand Dollars ($2,000.00) per month of the assessments received

for deposit in the Oklahoma Tax Commission Revolving Fund created

pursuant to Section 113 of Title 68 of the Oklahoma Statutes. The

remaining monies received by the Oklahoma Tax Commission pursuant to

this section shall be deposited in the Energy Resources Revolving

Fund.

C. The Board shall be responsible for taking appropriate legal

actions to collect any assessment which is not paid or is not

properly paid. The Oklahoma Tax Commission shall not be responsible

for collecting any assessment not remitted to the Oklahoma Tax

Commission for deposit in the Energy Resources Revolving Fund. The

Oklahoma Tax Commission shall report to the Board any information it

obtains regarding failure of any person to properly pay the

assessment due, including any documentation it may have of such

failure.

Added by Laws 1993, c. 184, § 8, eff. Oct. 1, 1993. Amended by Laws

1996, c. 352, § 5.