Oklahoma § 68-1806 - Proceeds of tax, how applied
Full text of Oklahoma Oklahoma Statutes § 68-1806 — Proceeds of tax, how applied, with citation guidance and answers to common questions.
§ 68-1806. Proceeds of tax, how applied
All monies, funds and revenues arising, collected, received, by
the Oklahoma Tax Commission pursuant to the provisions of this act
shall be applied as follows:
(a) Five percent (5%) of all monies collected under the
provisions of this act shall be paid to the State Treasurer and
placed to the credit of the General Revenue Fund of the State
Treasury.
(b) (1) Except as provided in paragraph (2) of this
subsection, the remaining ninety-five percent (95%) of
all monies collected under this act shall be
apportioned and paid each month by the Oklahoma Tax
Commission to the school treasurers or school
districts of the respective counties in which the
remitting cooperative owns and operates property, as
defined in Section 1804 of this title, according to
the proportion which the number of miles of electrical
distribution lines of such cooperative in such school
district bears to the total number of miles of such
lines owned and operated by such cooperative within
the state.
(2) Beginning July 1, 1991, if the amendment to Section
12a of Article X of the Constitution of the State of
Oklahoma contained in Enrolled House Joint Resolution
No. 1005 of the 1st Extraordinary Session of the 42nd
Oklahoma Legislature is approved by the people, the
remaining ninety-five percent (95%) of all monies
collected under this act shall be remitted to the
State Treasurer to be deposited in the Common School
Fund.
Amended by Laws 1986, c. 223, § 45, operative July 1, 1986; Laws
1989, 1st Ex.Sess., c. 2, § 96, emerg. eff. April 25, 1990.
Oklahoma Statutes - Title 68. Revenue and Taxation
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-1806
What does Oklahoma Statutes § 68-1806 cover?
Section 68-1806 ("Proceeds of tax, how applied") 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 § 68-1806?
A common citation format is "Oklahoma Statutes § 68-1806" (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 § 68-1806 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.