Oklahoma § 68-3953 - Oklahoma Five Major Sports Leagues Rebate Payment Fund
Full text of Oklahoma Oklahoma Statutes § 68-3953 — Oklahoma Five Major Sports Leagues Rebate Payment Fund, with citation guidance and answers to common questions.
§ 68-3953. Oklahoma Five Major Sports Leagues Rebate Payment Fund
There is hereby created within the State Treasury a special fund
for the Oklahoma Tax Commission to be designated the “Oklahoma Five
Major Sports Leagues Rebate Payment Fund”. The Tax Commission is
hereby authorized and directed to withhold a portion of the taxes
levied and collected pursuant to Section 2355 of Title 68 of the
Oklahoma Statutes for deposit into the fund. The amount deposited
shall equal the sum of an amount determined by multiplying the net
benefit rate provided by the Oklahoma Department of Commerce by the
gross payroll as determined pursuant to the provisions of this act.
Oklahoma Statutes - Title 68. Revenue and Taxation
All the amounts deposited in the fund shall be used and expended by
the Tax Commission solely for the purposes and in the amounts
authorized by the Oklahoma Five Major Sports Leagues Rebate Program
Act. The liability of the State of Oklahoma to make the rebate
payments under this act shall be limited to the balance contained in
the fund created by this section.
Added by Laws 2024, c. 298, § 4, eff. Nov. 1, 2024.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-3953
What does Oklahoma Statutes § 68-3953 cover?
Section 68-3953 ("Oklahoma Five Major Sports Leagues Rebate Payment Fund") 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 § 68-3953?
A common citation format is "Oklahoma Statutes § 68-3953" (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 § 68-3953 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.