Oklahoma § 68-2807.12 - Recovery fee — Annual report to Tax Commission
Full text of Oklahoma Oklahoma Statutes § 68-2807.12 — Recovery fee — Annual report to Tax Commission, with citation guidance and answers to common questions.
§ 68-2807.12. Recovery fee — Annual report to Tax Commission
Annually, on or before February 15, each rental business that
collects the equipment rental recovery fee shall be required to
electronically submit to the Oklahoma Tax Commission a consolidated
report showing the aggregated personal property taxes paid in the
state during the previous calendar year and the aggregated recovery
collections in the state during the previous calendar year. If the
aggregated recovery collections in the state exceed the aggregated
taxes paid in the state, the aggregate excess shall be paid to the
county treasurers. The amount of excess paid to each county
treasurer shall be a pro rata distribution based on the amount of
personal property tax paid by the business to each county in the
previous calendar year in relation to the total personal property
tax paid in this state in the previous calendar year. No excess
collections shall be retained by the business.
Added by Laws 2024, c. 363, § 3, eff. Nov. 1, 2024.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-2807.12
What does Oklahoma Statutes § 68-2807.12 cover?
Section 68-2807.12 ("Recovery fee — Annual report to Tax Commission") 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 § 68-2807.12?
A common citation format is "Oklahoma Statutes § 68-2807.12" (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 § 68-2807.12 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.