Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB1262 Compare Versions

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Version 2 (New)

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3		-	ENGR. S. B. NO. 1262 Page 1 1
	3	+	SENATE FLOOR VERSION - SB1262 SFLR Page 1
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28		-	ENGROSSED SENATE
29		-	BILL NO. 1262 By: Coleman of the Senate
	29	+	SENATE FLOOR VERSION
	30	+	February 16, 2022
	31	+	AS AMENDED
	32	+
	33	+	SENATE BILL NO. 1262 By: Coleman of the Senate
30	34
31	35		and
32	36
33	37		Townley of the House
	38	+
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38	43		[ sales tax code - limit on certain apportionment -
39	44		effective date ]
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44	49		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
45	50		SECTION 1. AMENDATORY 68 O.S. 20 21, Section 1353, is
46	51		amended to read as follows:
47	52		Section 1353. A. It is hereby declared to be the purpose of
48	53		the Oklahoma Sales Tax Code to provide funds for the financing o f
49	54		the program provided for by the Oklahoma S ocial Security Act and to
50	55		provide revenues for the support of the functions of the state
51	56		government of Oklahoma, and for this purp ose it is hereby expressly
52	57		provided that, revenues derived pursuant to the provisi ons of the
53	58		Oklahoma Sales Tax Code, subject to the apportionment requirements
54	59		for the Oklahoma Tax Commission and Office of Management and
55	60		Enterprise Services Joint Computer Enhancement Fund provided by
56	61		Section 265 of this title, shall be apportioned as fo llows:
57		-	1. Except as provided in subsections C and D of this section,
58		-	the following amounts shall be paid to the State Treasurer to be
59	62
60		-	ENGR. S. B. NO. 1262 Page 2 1
	63	+	SENATE FLOOR VERSION - SB1262 SFLR Page 2
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	89	+	1. Except as provided in subsections C and D of this section,
	90	+	the following amounts shall be paid to the State Treasurer to be
85	91		placed to the credit of the General Revenue Fund to be paid out
86	92		pursuant to direct appropriation by the Legislature:
87	93		Fiscal Year Amount
88	94		FY 2003 and FY 2004 86.04%
89	95		FY 2005 85.83%
90	96		FY 2006 85.54%
91	97		FY 2007 85.04%
92	98		FY 2008 through FY 2022 83.61%
93	99		FY 2023 through FY 2027 83.36%
94	100		FY 2028 and each fiscal year thereafter 83.61%;
95	101		2. The following amounts shall be paid to the State Treasu rer
96	102		to be placed to the credit of the Education Reform Revolving Fund of
97	103		the State Department of Education:
98	104		a. for FY 2003, FY 2004 and FY 2005, ten and forty -two
99	105		one-hundredths percent (10.42%),
100	106		b. for FY 2006 through FY 2020, ten and forty -six one-
101	107		hundredths percent (10.46%),
102	108		c. for FY 2021:
103	109		(1) for the month beginning July 1, 2020, through the
104	110		month ending August 31, 2020, ten and forty-six
105	111		one-hundredths percent (10.46%), and
106		-	(2) for the month beginning September 1, 2020,
107		-	through the month ending June 3 0, 2021, eleven
108	112
109		-	ENGR. S. B. NO. 1262 Page 3 1
	113	+	SENATE FLOOR VERSION - SB1262 SFLR Page 3
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	139	+	(2) for the month beginning September 1, 2020,
	140	+	through the month ending June 3 0, 2021, eleven
134	141		and ninety-six one-hundredths percent (11.96%),
135	142		and
136	143		d. for FY 2022 and each fiscal year thereafter, ten and
137	144		forty-six one-hundredths percent (10.46%);
138	145		3. The following amounts shall be paid to the Sta te Treasurer
139	146		to be placed to the credit of the Teachers' Retirement System
140	147		Dedicated Revenue Revolving Fund:
141	148		Fiscal Year Amount
142	149		FY 2003 and FY 2004 3.54%
143	150		FY 2005 3.75%
144	151		FY 2006 4.0%
145	152		FY 2007 4.5%
146	153		FY 2008 through FY 2020 5.0%
147	154		FY 2021:
148	155		a. for the month beginni ng July
149	156		1, 2020, through the month
150	157		ending August 31, 2020 5.0%
151	158		b. for the month beginning
152	159		September 1, 2020, through
153	160		the month ending June 30,
154	161		2021 3.5%
155	162		FY 2022 5.0%
156		-	FY 2023 through FY 2027 5.25%
157		-	FY 2028 and each fiscal year thereafter 5.0%;
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159		-	ENGR. S. B. NO. 1262 Page 4 1
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	190	+	FY 2023 through FY 2027 5.25%
	191	+	FY 2028 and each fiscal year thereafter 5.0%;
184	192		4. a. except as otherwise provided in subparagraph b of this
185	193		paragraph, for the fiscal year beginning July 1, 2015,
186	194		and for each fiscal year thereafter, eighty-seven one-
187	195		hundredths percent (0.87%) shall be paid to the State
188	196		Treasurer to be further apportioned as follows:
189	197		(1) thirty-six percent (36%) shall be placed to the
190	198		credit of the Oklahoma Tourism Promotion
191	199		Revolving Fund, but in no event shall such
192	200		apportionment exceed Five Million Dollars
193	201		($5,000,000.00) in any fiscal year the fiscal
194	202		year beginning July 1, 2022, and previous fiscal
195	203		years, Six Million Dollars ($6,000,000.00) in the
196	204		fiscal year beginning July 1, 2023, Six Million
197	205		Five Hundred Thousand Dollars ( $6,500,000.00) in
198	206		the fiscal year beginning July 1, 202 4, and Seven
199	207		Million Five Hundred Thousand Dollars
200	208		($7,500,000.00) in the fiscal year beginning July
201	209		1, 2025, and subsequent fiscal years, and
202	210		(2) sixty-four percent (64%) shall be placed to the
203	211		credit of the Oklahoma Tourism Capital
204	212		Improvement Revolving Fund, but in no event shall
205		-	such apportionment exceed Nine Million Dollars
206		-	($9,000,000.00) in any fiscal year, and
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208		-	ENGR. S. B. NO. 1262 Page 5 1
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	240	+	such apportionment exceed Nine Million Dollars
	241	+	($9,000,000.00) in any fiscal year, and
233	242		b. any amounts which exceed the limitations of
234	243		subparagraph a of this paragraph shall be placed to
235	244		the credit of the General Rev enue Fund; and
236	245		5. For the fiscal year beginning July 1, 2015, and for each
237	246		fiscal year thereafter, six o ne-hundredths percent (0.06%) shall be
238	247		placed to the credit of the Oklahoma Histo rical Society Capital
239	248		Improvement and Operations Revolving Fund, but in no event shall
240	249		such apportionment exceed the total amount apportioned pursuant to
241	250		this paragraph for th e fiscal year ending on June 30, 2015. Any
242	251		amounts which exceed the limitations of this paragraph shall be
243	252		placed to the credit of the General Revenu e Fund.
244	253		B. Provided, for the fiscal year beginning July 1, 2007, and
245	254		every fiscal year thereafter, an amo unt of revenue shall be
246	255		apportioned to each munici pality or county which levies a sales tax
247	256		subject to the provisions of Section 1357.10 of this titl e and
248	257		subsection F of Section 2701 of this title equal to the amou nt of
249	258		sales tax revenue of such municipal ity or county exempted by the
250	259		provisions of Sectio n 1357.10 of this title and sub section F of
251	260		Section 2701 of this title. The Oklahoma Tax Commissio n shall
252	261		promulgate and adopt rules necessary to implement the prov isions of
253	262		this subsection.
254		-	C. From the monies that would otherwise be apportioned to the
255		-	General Revenue Fund pursuant to subsection A of this section, there
256		-	shall be apportioned the follo wing amounts:
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258		-	ENGR. S. B. NO. 1262 Page 6 1
	264	+	SENATE FLOOR VERSION - SB1262 SFLR Page 6
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	290	+	C. From the monies that would otherwise be apportioned to the
	291	+	General Revenue Fund pursuant to subsection A of this section, there
	292	+	shall be apportioned the follo wing amounts:
283	293		1. For the month ending August 31, 2019:
284	294		a. Nine Million Six Hundred Thousand Dollars
285	295		($9,600,000.00) to the credit of the State Highway
286	296		Construction and Maintenance Fund cre ated in Section
287	297		1501 of Title 69 of the Oklahoma Statutes, and
288	298		b. Two Million Dollars ($2,000,000.00) to the credit of
289	299		the Oklahoma Railroad Maintenance Revolving Fund
290	300		created in Section 309 of Title 66 of the Oklahoma
291	301		Statutes;
292	302		2. For the month ending Se ptember 30, 2019:
293	303		a. Twenty Million Dollars ($20,000,000.00) t o the credit
294	304		of the State Highway Construction and Maintenance Fund
295	305		created in Section 1501 of Title 69 of the Ok lahoma
296	306		Statutes, and
297	307		b. Two Million Dollars ($2,00 0,000.00) to the credit of
298	308		the Oklahoma Railroad Maintenance Revolving Fund
299	309		created in Section 309 of Title 66 of the Oklahoma
300	310		Statutes;
301	311		3. For the month ending Oct ober 31, 2019:
302	312		a. Twenty Million Dollars ($20,000,000.00) to the credit
303	313		of the State Highway Construction and Maintenance Fund
304		-	created in Section 1501 of Title 69 of the Oklahoma
305		-	Statutes, and
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307		-	ENGR. S. B. NO. 1262 Page 7 1
	315	+	SENATE FLOOR VERSION - SB1262 SFLR Page 7
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	341	+	created in Section 1501 of Title 69 of the Oklahoma
	342	+	Statutes, and
332	343		b. Two Million Dollars ($2,000,000.00) to the credit of
333	344		the Oklahoma Railroad Maintenance Revolving Fund
334	345		created in Section 309 of Title 66 of the Oklahom a
335	346		Statutes;
336	347		4. For the month ending November 30, 2019:
337	348		a. Twenty Million Dollars ($20,000,000.00) to the credi t
338	349		of the State Highway Construction and Maintenance Fu nd
339	350		created in Section 1501 of Title 69 of the Oklahoma
340	351		Statutes, and
341	352		b. Two Million Dollars ($2,000,000.00) to the credit of
342	353		the Oklahoma Railroad Maintenance Revolving Fund
343	354		created in Section 309 of Ti tle 66 of the Oklahoma
344	355		Statutes; and
345	356		5. For the month ending December 31, 2019:
346	357		a. Twenty Million Dollars ($20,000,000.00) to the credit
347	358		of the State Highway Construction and Maintenance Fund
348	359		created in Section 1501 of Title 69 of the Oklahoma
349	360		Statutes, and
350	361		b. Two Million Dollars ($2,000,000.00) to the credi t of
351	362		the Oklahoma Railroad Maintenance Re volving Fund
352	363		created in Section 309 of Title 66 of the Oklahoma
353	364		Statutes.
354		-	D. For fiscal year 2023, and each subsequent fiscal year,
355		-	before any other apportionment otherwise required by this section is
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357		-	ENGR. S. B. NO. 1262 Page 8 1
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	392	+	D. For fiscal year 2023, and each subsequent fiscal year,
	393	+	before any other apportionment otherwise required by this section is
382	394		made to the General Revenue Fund, there shall be appor tioned to the
383	395		State Public Common School Building Equalization Fund an amount, if
384	396		any, as required pursuant to Section 3-104 of Title 70 of the
385	397		Oklahoma Statutes, not to exceed the state sales tax generated by
386	398		medical marijuana sales in the preceding fisca l year as reported by
387	399		the Oklahoma Tax Commission .
388	400		SECTION 2. This act shall become effective November 1, 2022.
389		-	Passed the Senate the 21st day of March, 2022.
390		-
391		-
392		-
393		-	Presiding Officer of the Senate
394		-
395		-
396		-	Passed the House of Representatives the ____ day of __________,
397		-	2022.
398		-
399		-
400		-
401		-	Presiding Officer of the House
402		-	of Representatives
403		-
	401	+	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
	402	+	February 16, 2022 - DO PASS AS AMENDED