Oklahoma § 68-102.3 - Additional duties and compensation for commissioners

§ 68-102.3. Additional duties and compensation for commissioners

In addition to their other duties, the members of the Oklahoma

Tax Commission shall make a continuous study of the critical

national energy crisis to determine its impact on the tax revenues

of Oklahoma, particularly the revenues derived from the gross

production taxes and gasoline and other motor fuel taxes and also to

determine and project the degree of the consequent erosion of the

present tax structure of the state which will be caused by the

gradual change from the use of oil and natural gas as a basic fuel

for energy. The Commission shall make periodic appraisals

concerning the several taxes directly related to the fuels presently

used by motor vehicles and other modes of travel and for heating and

cooling, as well as the tax paid by those engaged in the business of

producing oil and gas, as the use of substitute types of fuels

evolve which undoubtedly will result in substantial changes in the

types and size of vehicles used in the business activities of many

taxpayers.

The Commission shall also develop such econometric models as are

deemed necessary, compile data and other information as to the

possible rate of decline in tax revenue and report to the Governor,

Speaker of the House of Representatives and President Pro Tempore of

the Senate by the second Tuesday of every year, to insure the

availability of revenue to properly operate and carry on the

functions of state and local government.

For the performance of such additional duties, the members of

said Commission not receiving the maximum salary provided in Section

Oklahoma Statutes - Title 68. Revenue and Taxation

102.1 of Title 68 of the Oklahoma Statutes shall be compensated as

follows:

The Chairman of said Commission shall receive Eleven Thousand

Five Hundred Dollars ($11,500.00) per annum and the Vice Chairman

and Secretary-Member of said Commission shall each receive Fifteen

Thousand Five Hundred Dollars ($15,500.00) per annum, payable

monthly. Provided, it is the intent hereof that no member of said

Commission shall receive total compensation greater than that

provided in Section 102.1 of Title 68 of the Oklahoma Statutes as

amended.

Laws 1974, c. 309, § 4, emerg. eff. May 31, 1974; Laws 1975, c. 247,

§ 7, emerg. eff. June 2, 1975; Laws 1976, c. 232, § 7, emerg. eff.

June 15, 1976; Laws 1978, c. 266, § 8, emerg. eff. May 10, 1978;

Laws 1979, c. 264, § 9, emerg. eff. June 5, 1979; Laws 1980, c. 269,

§ 7, emerg. eff. June 11, 1980.