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ENGROSSED SENATE
BILL NO. 258 By: Rosino of the Senate
and
Echols of the House
An Act relating to aircraft excise tax; amending 68
O.S. 2021, Section 6005, which relates to
apportionment of tax revenue; deleting obsolete
language; modifying apportionment; providing an
effective date; and declaring an emergency .
BE IT ENACTED BY THE PEOPL E OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 6005, is
amended to read as follows:
Section 6005. A. For fiscal years beginning prior to July 1,
1999, all revenues derived pursuant to the provisions of S ections
6001 through 6007 of this titl e shall be paid monthly by the
Oklahoma Tax Commission to the State Treasu rer and placed to the
credit of the General Revenue Fund to be paid out pursuant to direct
appropriation by the Legislatur e.
B. 1. For the fiscal year beginning July 1, 1999, fifty
percent (50%) of all revenues derived pursuant to the provisions of
Sections 6001 through 6007 of th is title shall be paid monthly by
the Tax Commission to the State Treasurer and placed to the c redit
of the General Revenue Fund to be paid out pursuant to direct
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appropriation by the Legislature, and fifty percent (50%) of the
revenues shall be placed to the credit of the Oklahoma Aeronautics
Commission Revolving Fund.
2. For fiscal year 2001 thro ugh fiscal year 2015 For the fiscal
year beginning July 1, 2022, and all subsequent fiscal years , one
hundred percent (100%) of the reven ues derived pursuant to the
provisions of Sections 6001 through 6007 of t his title shall be paid
monthly by the Oklahoma Tax Commission to the State T reasurer and
shall be placed to the credit of the Oklahoma Aeronautics Commission
Revolving Fund.
3. For the fiscal year beginning July 1, 2015, and for each
fiscal year thereafter, the f irst Four Million Five Hundred Thousa nd
Dollars ($4,500,000.00) of t he revenues each fiscal year derived
pursuant to the provisions of Sections 6001 through 6007 of this
title shall be paid by the Tax Commission to the State Treasurer and
placed to the credit of the Oklahoma Aeronautics Commi ssion
Revolving Fund, and all s uch revenues derived each fis cal year in
excess of Four Million Five Hundred Thousand Dollars ($4,500,000.00)
shall be paid by the Tax Commission to the State Treasurer and
placed to the credit of the General Revenue Fund to be paid out
pursuant to direct appropriation by the Legislat ure.
SECTION 2. This act shall become effective July 1, 2022.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
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declared to exist, by reason whereo f this act shall take effect and
be in full force from and after its passage and approval.
Passed the Senate the 22nd day of March, 2022.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of __________,
2022.
Presiding Officer of the House
of Representatives