Oklahoma § 68-707.3 - Additional excise tax on special fuel - Levy Exemptions - Intent of Legislature - Apportionment of revenues

§ 68-707.3. Additional excise tax on special fuel - Levy Exemptions - Intent of Legislature - Apportionment of revenues

Oklahoma Statutes - Title 68. Revenue and Taxation

A. In addition to the excise taxes levied by Sections 703, 705,

707.1 and 707.2 of this title, there is hereby levied an excise tax

of six cents ($0.06) upon the use within this state of each and

every gallon of special fuel, which shall be reported and collected

in the same manner as provided by law for the reporting and

collecting of all other tax levies upon the use of special fuel

within this state. The basis for computation of the amount due

shall be one hundred percent (100%) of the net gallonage reported to

the Tax Commission for taxation, after all deductions allowed by law

have been made.

B. The tax levied by this section shall not apply to special

fuel which is exempt from tax pursuant to the provisions of Section

708 of this title.

C. It is hereby declared to be the intent of the Legislature

that the total state excise tax, levied by this section and Sections

703, 705, 707.1 and 707.2 of this title, shall be sixteen cents

($0.16) upon each gallon of special fuel used within Oklahoma and

that no special fuel shall be subject to the total tax more than one

time.

D. The additional excise tax of six cents ($0.06) per gallon of

special fuel levied by this section, together with any interest and

penalties thereon, collected by the Tax Commission shall be

apportioned monthly as follows:

1. Five cents ($0.05) of the six cents ($0.06), together with

any interest and penalties thereon, shall be apportioned to the

State Transportation Fund; and

2. One cent ($0.01) of the six cents ($0.06), together with any

interest and penalties thereon, shall be distributed to the various

counties in the following manner: thirty percent (30%) based upon

area, thirty percent (30%) based upon population according to the

latest Federal Decennial Census or the most recent annual estimate

provided by the U.S. Bureau of the Census and forty percent (40%)

based upon county road mileage on the basis which the respective

area, population and county road mileage of each county bear to the

total area, population and county road mileage of the state. The

funds so transmitted shall be used in accordance with and subject to

the provisions of subsection B of Section 500.6 of this title.

Added by Laws 1987, c. 113, § 10, operative May 18, 1987. Amended

by Laws 1989, 1st Ex.Sess., c. 1, § 17, eff. July 1, 1990; Laws

1997, c. 284, § 16, eff. July 1, 1997.