OK
Oklahoma Senate Bill SB588

Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB588 Compare Versions

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5353 STATE OF OKLAHOMA
5454
5555 1st Session of the 59th Legislature (2023)
5656
5757 SENATE BILL 588 By: Montgomery
5858
5959
6060
6161
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6363 AS INTRODUCED
6464
6565 An Act relating to tax rebates; creating the Carbon
6666 Sequestration Gross Production Rebate Program;
6767 providing short title; providing rebate for certain
6868 entities; stating amount of rebate; requiring the
6969 Oklahoma Tax Commission to administer the program;
7070 stating eligibility f or rebate; requiring pay ment of
7171 rebate upon submission of certain documentation;
7272 requiring the Commission to approve or disapprove all
7373 claims; authorizing the promulgation of rules;
7474 creating agency special account; amending 68 O.S.
7575 2021, Section 1004, as a mended by Section 1, Cha pter
7676 111, O.S.L. 2022 (68 O.S. Supp. 2022, Section 1004),
7777 which relates to apportionment of gross production
7878 tax revenues; providing for certain transfer of
7979 funds; providing for codification; and provi ding an
8080 effective date.
8181
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8484
8585 BE IT ENACTED BY THE PEOPLE OF THE STATE OF O KLAHOMA:
8686 SECTION 1. NEW LAW A new section of law to be codified
8787 in the Oklahoma Statutes as Section 1031 of Title 68, unless there
8888 is created a duplication in numbering, reads as follows:
8989 A. There is hereby created the "Carbon Sequestration Gross
9090 Production Rebate Program ".
9191 B. Any entity that receives a federal tax credit for carbon
9292 oxide sequestration pursuant to 26 U.S.C. , Section 45Q for tax year
9393
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144144 2024 and subsequent tax years shall be eligible for a rebate payment
145145 from the collections of gross production taxes levied pursuant to
146146 subsection B of Section 1001 of Title 68 of the Oklahoma Statutes.
147147 Rebate payments provid ed pursuant to this subsection sha ll be equal
148148 to the amount of federal tax credit received for each tax year.
149149 C. The rebate program created pursuant to this section shall be
150150 administered by the Oklahoma Tax Commission.
151151 D. To be eligible for a rebate payment as pr ovided in this
152152 section, an entity shall submit a claim for rebate on a form
153153 prescribed by the Tax Commission no later th an two years after
154154 receipt of the federal tax credi t.
155155 E. The Commission shall approve or disapprove all claims for
156156 rebate payment. Upo n approval of a claim, th e Commission shall
157157 issue a rebate payment from funds, as they become available, i n the
158158 special account created pursuant to Section 2 of this act.
159159 F. The Commission may promulgate rules necessary to effectuate
160160 the provisions of thi s act.
161161 SECTION 2. NEW LAW A ne w section of law to be codified
162162 in the Oklahoma Statutes as Sectio n 1032 of Title 68, unless there
163163 is created a duplication in numbering, reads as follows:
164164 There is hereby created in the State Treasury an agency special
165165 account for the Oklahoma Tax Commission for the transfer of gross
166166 production tax collections necessary to provide for rebate payments
167167 made pursuant to the Carbon Sequestration Gross Production Rebate
168168
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219219 Program created pursuant to Section 1 of this act. The Commission
220220 shall transfer, each month, from the collection of gross produc tion
221221 taxes, an amount the Commission estimates is necessary to provide
222222 for the rebate payments made pursuant to the Carbon Sequestration
223223 Gross Production Rebate Pro gram.
224224 SECTION 3. AMENDATORY 68 O.S. 2021, Section 1004, as
225225 amended by Section 1, Chapter 111, O.S.L. 2022 (68 O.S. Supp. 2022,
226226 Section 1004), is amended to read as follows:
227227 Section 1004. A. As used in this section:
228228 1. "Moving five-year average amount f or gas" means, for
229229 purposes of the apportionments prescribed by this section, the
230230 amount of gross production tax on natural gas collec ted for each of
231231 the five (5) complete fiscal years, as computed by the State Board
232232 of Equalization pursuant to Section 34. 103 of Title 62 of th e
233233 Oklahoma Statutes; and
234234 2. "Moving five-year average amount for oil " means, for
235235 purposes of the apportionments prescribed by this section, the
236236 amount of gross production tax on oil collected for each of the five
237237 (5) complete fiscal y ears, as computed by the State Board of
238238 Equalization pursuant t o Section 34.103 of Title 62 of the Oklahoma
239239 Statutes.
240240 B. Before any other apporti onment of revenue has been made
241241 pursuant to this subsection, beginning on the effecti ve date of this
242242 act, the Oklahoma Tax Commissi on shall transfer, each month, an
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294294 amount which the Commission estimate s to be necessary to pay the
295295 rebates claimed pursuant to the Carbon Sequestration Gross
296296 Production Rebate Program created in Section 1 of this act to the
297297 special account created pursuant to Section 2 of this act.
298298 Beginning July 1, 2017, the gross production tax provided for in
299299 Section 1001 of this title is hereby levied and shall be collected
300300 and apportioned as follows:
301301 1. For all monies collected from the tax levied on asphalt or
302302 ores bearing uranium, lead, zinc, jack, gold , silver or copper:
303303 a. eighty-five and seventy-two one-hundredths percent
304304 (85.72%) shall be paid to the State Treasurer of the
305305 state to be placed in the G eneral Revenue Fund of the
306306 state and used for the general expense of state
307307 government, to be paid out pursuant to direct
308308 appropriation by the Legislature,
309309 b. seven and fourteen one-hundredths percent (7.14%) of
310310 the sum collected from natural gas and/or ca singhead
311311 gas or asphalt or ores bearing uranium, lead, zinc,
312312 jack, gold, silver or copper shall be paid to the
313313 various county treasurers to be credited to the County
314314 Highway Fund as follows: Each county shall receive a
315315 proportionate share of the funds ava ilable based upon
316316 the proportion of the total value of production from
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368368 such county in the corresponding month of the
369369 preceding year, and
370370 c. seven and fourteen one-hundredths percent (7.14%)
371371 shall be allocated to each county as provided for in
372372 subparagraph b of this paragraph and shall be
373373 apportioned, on an average daily attendance p er capita
374374 distribution basis, as certified by the State
375375 Superintendent of Public Instruction to the school
376376 districts of the county where such pupils attend
377377 school regardless of residence of such pupil, provided
378378 the school district makes an ad valorem tax l evy of
379379 fifteen (15) mills for the current year and maintains
380380 twelve (12) years of instruction;
381381 2. For all monies collected from the tax levied on natural gas
382382 and/or casinghead gas at a tax rate of seven percent (7%) pursuant
383383 to the provisions of subsectio n B of Section 1001 of this title:
384384 a. after the total revenue apportioned to the General
385385 Revenue Fund as prescribed by subparagraph b of this
386386 paragraph equals the moving five -year average amount
387387 for gas as defined by paragraph 1 of subsection A of
388388 this section, there shall be apportioned from the
389389 gross production tax levy imposed pursuant to Section
390390 1001 of this title on natural gas and/or casinghead
391391 gas to the Revenue Stabiliz ation Fund created by
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443443 Section 34.102 of Title 62 of the Oklahoma Statutes,
444444 the amount of revenue, if any, which exceeds the
445445 moving five-year average amount for gas as defined
446446 pursuant to paragraph 1 of subsection A of this
447447 section,
448448 b. until the apportionm ent to the General Rev enue Fund
449449 equals the moving five-year average amount for gas as
450450 prescribed by paragraph 1 of subsection A of this
451451 section, eighty-five and seventy-two one-hundredths
452452 percent (85.72%) shall be paid to the State Treasurer
453453 of the state to be placed in the Gen eral Revenue Fund
454454 of the state and used for the general expe nse of state
455455 government, to be paid out pursuant to direct
456456 appropriation by the Legislature,
457457 c. before any other apportionment of revenue has been
458458 made pursuant to this para graph, seven and fourte en
459459 one-hundredths percent (7.14%) of the sum collected
460460 from natural gas and/or casinghead gas shall be paid
461461 to the various county treasurers to be credited to the
462462 County Highway Fund as follows : Each county shall
463463 receive a proportionate share of the funds available
464464 based upon the proportion of the total value of
465465 production from such county in the corresponding month
466466 of the preceding year, and
467467
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518518 d. before any other apportionment of revenue has been
519519 made pursuant to this paragraph, seve n and fourteen
520520 one-hundredths percent (7.14%) shall be allocated to
521521 each county as provided for in subparagraph c of this
522522 paragraph and shall be apportioned, on an average
523523 daily attendance per capita distribution basis, as
524524 certified by the State Superinten dent of Public
525525 Instruction to the school districts of the county
526526 where such pupils attend school regardless of
527527 residence of such pupil, provided the school district
528528 makes an ad valorem tax levy of fifteen (15) mills for
529529 the current year and maintains twelv e (12) years of
530530 instruction;
531531 3. For all monies collected from the tax levied on nat ural gas
532532 and/or casinghead gas at a tax rate of four percent (4%) pursuant to
533533 the provisions of subsection B of Section 1001 of this title:
534534 a. after the total revenue app ortioned to the General
535535 Revenue Fund as prescribed by subparagraph b of this
536536 paragraph equals the moving five-year average amount
537537 for gas as defined by paragraph 1 of subsection A of
538538 this section, there shall be apportioned from the
539539 gross production tax le vy imposed pursuant to Sec tion
540540 1001 of this title on natural gas and/or casinghead
541541 gas to the Revenue Stabilization Fund created pursuant
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593593 to Section 34.102 of Title 62 of the Oklahoma
594594 Statutes, the amount of revenue, if any, which exceeds
595595 the moving five-year average amount for gas as defined
596596 pursuant to paragraph 1 of subsection A of this
597597 section,
598598 b. until the apportionment to the General Revenue Fund
599599 equals the moving five-year average amount for gas as
600600 prescribed by paragraph 1 of subsection A of this
601601 section, seventy-five percent (75%) shall be paid to
602602 the State Treasurer of the state to be placed in the
603603 General Revenue Fund of the state and used for the
604604 general expense of state government, to be paid out
605605 pursuant to direct appropriation by the Legislat ure,
606606 c. before any other apportionment of revenue has been
607607 made pursuant to this paragr aph, twelve and one-half
608608 percent (12.5%) of the sum collected from natural gas
609609 and/or casinghead gas shall be paid to the various
610610 county treasurers to be credited to th e County Highway
611611 Fund as follows: Each county shall receive a
612612 proportionate share of th e funds available based upon
613613 the proportion of the total value of production from
614614 such county in the corresponding month of the
615615 preceding year, and
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667667 d. before any other apportionment of revenue has been
668668 made pursuant to this paragraph, twelve and one -half
669669 percent (12.5%) shall be allocated to each county as
670670 provided for in subparagraph c of this paragraph and
671671 shall be apportioned, on an average daily attendance
672672 per capita distribution basis, as cert ified by the
673673 State Superintendent of Public Instruction to t he
674674 school districts of the county where such pupils
675675 attend school regardless of residence of such pupil,
676676 provided the school district makes an ad valorem tax
677677 levy of fifteen (15) mills for the cur rent year and
678678 maintains twelve (12) years of instruction;
679679 4. For all monies collected from the tax levied on natural gas
680680 and/or casinghead gas at a tax rate of one percent (1%) pursuant to
681681 the provisions of subsection B of Se ction 1001 of this title:
682682 a. fifty percent (50%) of the sum collected from natural
683683 gas and/or casinghead gas shall be paid to the various
684684 county treasurers to be credited to the County Highway
685685 Fund as follows: Each county shall receive a
686686 proportionate share of the funds available base d upon
687687 the proportion of the total value of production from
688688 such county in the corresponding month of the
689689 preceding year, and
690690
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741741 b. fifty percent (50%) shall be allocated to each county
742742 as provided for in subparagraph a of this paragraph
743743 and shall be apportio ned, on an average daily
744744 attendance per capita distribution basis, as certified
745745 by the State Superintendent of Public Instruction to
746746 the school districts of the county where such pupils
747747 attend school regardless of residence of such pupil,
748748 provided the school district makes an ad valorem tax
749749 levy of fifteen (15) mil ls for the current year and
750750 maintains twelve (12) years of instruction;
751751 5. For all monies collected from the tax levied on natural gas
752752 and/or casinghead gas at a tax rate of two percent (2%) purs uant to
753753 the provisions of paragraph 3 of subsection B of Sec tion 1001 of
754754 this title:
755755 a. after the total revenue apportioned to the General
756756 Revenue Fund as prescribed by subparagraph b of this
757757 paragraph equals the moving fi ve-year average amount
758758 for gas as defined by paragraph 1 of subsection A of
759759 this section, there shall be apportioned from the
760760 gross production tax levy imposed pursuant to Section
761761 1001 of this title on gas to the Revenue Stabilization
762762 Fund created by Secti on 34.102 of Title 62 of the
763763 Oklahoma Statutes, the amount of revenue, if any,
764764 which exceeds the moving five-year average amount for
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816816 natural gas and/or casinghead gas as defined pursuant
817817 to paragraph 1 of subsection A of this section,
818818 b. until the apportionment to the General Revenue Fund
819819 equals the moving five-year average amount for gas as
820820 prescribed by paragraph 1 of subsection A of this
821821 section, fifty percent (50%) shall be paid to the
822822 State Treasurer to be placed in the General Revenue
823823 Fund of the state and used for the general expense of
824824 state government, to be paid out pursuant to direct
825825 appropriation by the Legislature,
826826 c. before any other apportionment of revenue has been
827827 made pursuant to this paragraph, twenty-five percent
828828 (25%) of the sum collec ted from natural gas and/or
829829 casinghead gas shall be paid to the various county
830830 treasurers to be credited to the County Highway Fund
831831 as follows: Each county shall receive a proportionate
832832 share of the funds available based upon the proportion
833833 of the total value of production from such county in
834834 the corresponding month of the preceding year, and
835835 d. before any other apportionment of revenue has been
836836 made pursuant to this paragraph, twenty-five percent
837837 (25%) shall be allocated to each county as provided
838838 for in subparagraph c of this paragraph and shall be
839839 apportioned on an average daily attendance per cap ita
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891891 distribution basis, as certified by the State
892892 Superintendent of Public Instruction, to the school
893893 districts of the county where such pupils attend
894894 school regardless of residence of such pupil, provided
895895 the school district makes an ad valorem tax levy o f
896896 fifteen (15) mills for the current year and maintains
897897 twelve (12) years of instruction;
898898 6. For all monies collected from the tax levied on oil at a tax
899899 rate of seven percent (7%) pursuant to th e provisions of subsection
900900 B of Section 1001 of this title:
901901 a. there shall be apportioned from the gross production
902902 tax levy imposed pursuant to Section 1001 of this
903903 title on oil to the Revenue Stabilization Fund crea ted
904904 by Section 34.102 of Title 62 of th e Oklahoma
905905 Statutes, after the applicable maximum amount
906906 prescribed by subsection C of this section has been
907907 deposited to the funds therein specified, the amount
908908 of revenue, if any, which would otherwise be
909909 apportioned to the General Revenue Fund and which
910910 exceeds the moving five-year average amount for oil as
911911 defined pursuant to paragraph 2 of subsection A of
912912 this section,
913913 b. before any other apportionment of revenue has been
914914 made pursuant to this paragraph, twenty -five and
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966966 seventy-two one-hundredths percent (25.72%) shall be
967967 paid to the State Treasurer to be place d in the Common
968968 Education Technology Revolving Fund created in Section
969969 34.90 of Title 62 of the Oklahoma Statutes,
970970 c. before any other apportionment of rev enue has been
971971 made pursuant to this parag raph, twenty-five and
972972 seventy-two one-hundredths percent (25 .72%) shall be
973973 paid to the State Treasurer to be placed in the Higher
974974 Education Capital Revolving Fund created in Section
975975 34.91 of Title 62 of the Oklahoma Statutes,
976976 d. before any other apportionm ent of revenue has been
977977 made pursuant to this paragraph, tw enty-five and
978978 seventy-two one-hundredths percent (25.72%) shall be
979979 paid to the State Treasurer to be placed in the
980980 Oklahoma Student Aid Revolving Fund crea ted in Section
981981 34.92 of Title 62 of the Ok lahoma Statutes,
982982 e. before any other apportionment of reve nue has been
983983 made pursuant to this paragraph, three and seven
984984 hundred forty-five one-thousandths percent (3.745%)
985985 shall be distributed to the various count ies of the
986986 state for deposit into the Count y Bridge and Road
987987 Improvement Fund of each county based on a formula
988988 developed by the Department of Transportation and
989989 approved by the Department of Transportation County
990990
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10401040
10411041 Advisory Board created pursuant to Section 302.1 of
10421042 Title 69 of the Oklahoma Statutes to be used for the
10431043 purposes set forth in the County Bridg e and Road
10441044 Improvement Act. The formula shall be similar to the
10451045 formula currently used for the distribution of monies
10461046 in the County Bridge Program funds, but shall also
10471047 take into consideration the effect of the terrain and
10481048 traffic volume as related to cou nty road improvement
10491049 and maintenance costs,
10501050 f. before any other apportionment of revenue has been
10511051 made pursuant to this paragraph, four and twenty -eight
10521052 one-hundredths percent (4.28%) shall be paid to the
10531053 State Treasurer to be apportioned to:
10541054 (1) the following sources and in the following
10551055 amounts through the fiscal year ending June 30,
10561056 2027:
10571057 (a) thirty-three and one-third percent (33 1/3%)
10581058 to the Oklahoma Tourism and Recreation
10591059 Department Capital Exp enditure Revolving
10601060 Fund created pursuant to Sectio n 2254.1 of
10611061 Title 74 of the Oklahoma Statutes,
10621062 (b) thirty-three and one-third percent (33 1/3%)
10631063 to the Oklahoma Conservation Commission
10641064 Infrastructure Revolvin g Fund created
10651065
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11151115
11161116 pursuant to Section 3 -2-110 of Title 27A of
11171117 the Oklahoma Statutes, and
11181118 (c) thirty-three and one-third percent (33 1/3% )
11191119 to the Community Water Infrastructure
11201120 Development Revolving Fund created pursuant
11211121 to Section 1085.7A of Title 82 of the
11221122 Oklahoma Statutes, and
11231123 (2) the Oklahoma Water Re sources Board Rural Economic
11241124 Action Plan Water Projects Fund for the fiscal
11251125 year beginning July 1, 2027, and for each fiscal
11261126 year thereafter,
11271127 g. before any other apportionment of revenue has been
11281128 made pursuant to this paragraph, seven and fourteen
11291129 one-hundredths percent (7.14%) of the sum collected
11301130 from oil shall be paid to the various coun ty
11311131 treasurers, to be credited to the County Highway Fund
11321132 as follows: Each county shall receive a proportionate
11331133 share of the funds available based upon the proportion
11341134 of the total value of produc tion from such county in
11351135 the corresponding month of the prece ding year,
11361136 h. before any other apportionment of revenue has been
11371137 made pursuant to this paragraph, seven and fourteen
11381138 one-hundredths percent (7.14%) shall be allocated to
11391139 each county as provided i n subparagraph g of this
11401140
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11901190
11911191 paragraph and shall be apportioned, on an average
11921192 daily attendance per capita distribution basis, as
11931193 certified by the State Superintendent of Public
11941194 Instruction, to the school districts of the county
11951195 where such pupils attend school regardless of
11961196 residence of such pupil, provided the school d istrict
11971197 makes an ad valorem tax levy of fifteen (15) mills for
11981198 the current year and maintains twelve (12) years of
11991199 instruction, and
12001200 i. before any other apportionment of r evenue has been
12011201 made pursuant to this paragraph, five hundred thirty-
12021202 five one-thousandths percent (0.535%) of the levy
12031203 shall be transmitted by the Oklahoma Tax Commission to
12041204 the Statewide Circuit Engineer ing District Revolving
12051205 Fund as created in Section 68 7.2 of Title 69 of the
12061206 Oklahoma Statutes;
12071207 7. For all monies collected from the tax le vied on oil at a tax
12081208 rate of four percent (4%) pursuant to the provisions of subsection B
12091209 of Section 1001 of this tit le:
12101210 a. there shall be apportioned from the gross prod uction
12111211 tax levy imposed pursuant to Section 1001 of this
12121212 title on oil to the Revenue S tabilization Fund created
12131213 by Section 34.102 of Title 62 of the Oklahoma
12141214 Statutes, after the applicable maximum amoun t
12151215
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12661266 prescribed by subsection C of this section has been
12671267 deposited to the funds th erein specified, the amount
12681268 of revenue, if any, which would o therwise be
12691269 apportioned to the General Revenue Fund and which
12701270 exceeds the moving five-year average amount for oil as
12711271 defined pursuant to paragraph 2 of subsection A of
12721272 this section,
12731273 b. before any other apportionment of revenue has been
12741274 made pursuant to thi s paragraph, twenty-two and one-
12751275 half percent (22.5%) shall be paid to the State
12761276 Treasurer to be placed in the Commo n Education
12771277 Technology Revolving Fund created in Sectio n 34.90 of
12781278 Title 62 of the Oklahoma Statutes,
12791279 c. before any other apportionment of rev enue has been
12801280 made pursuant to this paragraph, twenty-two and one-
12811281 half percent (22.5%) shall be paid to the State
12821282 Treasurer to be placed in the Higher Education Capital
12831283 Revolving Fund created in Section 34.91 of Title 62 of
12841284 the Oklahoma Statutes,
12851285 d. before any other apportionment of revenue has been
12861286 made pursuant to this paragraph, twenty-two and one-
12871287 half percent (22.5%) shall be paid to the State
12881288 Treasurer to be placed in the Oklahoma Student Aid
12891289
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13401340 Revolving Fund created in Section 34.92 of Title 62 of
13411341 the Oklahoma Statutes,
13421342 e. before any other apportionment of revenue has been
13431343 made pursuant to this paragraph, three a nd twenty-
13441344 eight one-hundredths percent (3.28%) shall be
13451345 distributed to the various counties of the state for
13461346 deposit into the County Bridge and Road Improvement
13471347 Fund of each county based on a formula developed by
13481348 the Department of Transportation and approv ed by the
13491349 Department of Transportation County Advisory Boa rd
13501350 created pursuant to Se ction 302.1 of Title 69 of the
13511351 Oklahoma Statutes to be used f or the purposes set
13521352 forth in the County Bridge and Road Improvement Act.
13531353 The formula shall be similar to the fo rmula currently
13541354 used for the distribution of monies in the County
13551355 Bridge Program funds, but shall also take into
13561356 consideration the effect of the terrain and traffic
13571357 volume as related to county road improvement and
13581358 maintenance costs,
13591359 f. before any other apportionment of revenue has been
13601360 made pursuant to this parag raph, three and seventy-
13611361 five one-hundredths percent (3.75%) shall be paid to
13621362 the State Treasurer to be apportioned to:
13631363
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14131413
14141414 (1) the following sources and in the following
14151415 amounts through the fiscal yea r ending June 30,
14161416 2027:
14171417 (a) thirty-three and one-third percent (33 1/3%)
14181418 to the Oklahoma Tourism and Recreation
14191419 Department Capital Expenditure Rev olving
14201420 Fund created pursuant to Section 2254.1 of
14211421 Title 74 of the Oklahoma Statutes,
14221422 (b) thirty-three and one-third percent (33 1/3%)
14231423 to the Oklahoma Conservation Commiss ion
14241424 Infrastructure Revol ving Fund created
14251425 pursuant to Section 3-2-110 of Title 27A of
14261426 the Oklahoma Statutes, and
14271427 (c) thirty-three and one-third percent (33 1/3%)
14281428 to the Community Water Infrastr ucture
14291429 Development Revolving Fund created pursuant
14301430 to Section 1085.7A of Title 82 of t he
14311431 Oklahoma Statutes, and
14321432 (2) the Oklahoma Water Resources Boar d Rural Economic
14331433 Action Plan Water Projects Fund for the fiscal
14341434 year beginning July 1, 2027, and for each fiscal
14351435 year thereafter,
14361436 g. before any other apportionment o f revenue has been
14371437 made pursuant to this paragraph, twelve and on e-half
14381438
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14881488
14891489 percent (12.5%) of the sum collected from oil shall be
14901490 paid to the various county treasurers, to be credited
14911491 to the County Highway Fund as follows : Each county
14921492 shall receive a proport ionate share of the funds
14931493 available based upon the proportion of the total value
14941494 of production from such county in the corresponding
14951495 month of the preceding year,
14961496 h. before any other apportionment of revenue has been
14971497 made pursuant to this paragraph, twelve and one-half
14981498 percent (12.5%) shall be allocated to each county as
14991499 provided in subparagraph g of this paragraph and shall
15001500 be apportioned on an average daily attendance per
15011501 capita distribution basis, as certified by the State
15021502 Superintendent of Public Instruc tion, to the school
15031503 districts of the county where such pupils att end
15041504 school regardless of residence of such pupil, provided
15051505 the school district makes an ad valorem tax levy of
15061506 fifteen (15) mills for the current year and maintains
15071507 twelve (12) years of instr uction, and
15081508 i. before any other apportionment of revenue has been
15091509 made pursuant to this paragraph, forty-seven one-
15101510 hundredths percent (0.47%) of the levy shall be
15111511 transmitted by the Tax Commission to the Statewide
15121512
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15621562
15631563 Circuit Engineering District Revolving Fun d as created
15641564 in Section 687.2 of Title 69 of the Oklahoma Statute s;
15651565 8. For all monies collected from the tax levied on oil at a tax
15661566 rate of one percent (1%) pursuant to the provisions of subsection B
15671567 of Section 1001 of this title:
15681568 a. fifty percent (50%) o f the sum collected shall be paid
15691569 to the various county treasurer s, to be credited to
15701570 the County Highway Fund as follows: Each county shall
15711571 receive a proportionate share of the funds available
15721572 based upon the proportion of the total value of
15731573 production from such county in the corresponding month
15741574 of the preceding year, a nd
15751575 b. fifty percent (50%) shall be allocated to each county
15761576 as provided for in subparagraph a of this paragraph
15771577 and shall be apportioned on an average daily
15781578 attendance per capita distribution basis, as certified
15791579 by the State Superintendent of Public Instru ction, to
15801580 the school districts of the county where such pupils
15811581 attend school regardless of residence of such pupil,
15821582 provided the school district makes an ad valorem tax
15831583 levy of fifteen (15) m ills for the current year and
15841584 maintains twelve (12) years of inst ruction;
15851585
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16351635
16361636 9. For all monies collected from the tax levied on oil at a tax
16371637 rate of two percent (2%) pursuant to the provisions of paragraph 3
16381638 of subsection B of Section 1001 of this title:
16391639 a. there shall be apportioned from the gross production
16401640 tax levy imposed pursuant to Section 1001 of this
16411641 title on oil to the Revenue Stabilization Fund created
16421642 by Section 34.102 of Title 62 of the Oklahoma
16431643 Statutes, the amount of revenue, if any, which excee ds
16441644 the moving five-year average amount for oil as defined
16451645 pursuant to paragraph 2 of subsection A of this
16461646 section,
16471647 b. until the apportionment to the General Revenue Fund
16481648 equals the moving five-year average amount for oil as
16491649 prescribed by paragraph 2 of sub section A of this
16501650 section, fifty percent (50%) shall be paid to t he
16511651 State Treasurer to be placed in the General Revenue
16521652 Fund of the state and used for the general expense of
16531653 state government, to be paid out pursuant to direct
16541654 appropriation by the Legislatu re,
16551655 c. before any other apportionment of revenue has been
16561656 made pursuant to this paragraph, twenty-five percent
16571657 (25%) of the sum collected from oil shall be paid to
16581658 the various county treasurers, to be credited to the
16591659 County Highway Fund as follows : Each county shall
16601660
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17111711 receive a proportionate share of the funds available
17121712 based upon the proportion of the total value of
17131713 production from such county in the corresponding month
17141714 of the preceding year, and
17151715 d. before any other apportionment of revenue has been
17161716 made pursuant to this paragraph, twenty-five percent
17171717 (25%) shall be allocated to each county as provided in
17181718 subparagraph c of this paragraph and shall be
17191719 apportioned on an average daily attendance per capita
17201720 distribution basis, as certified by the State
17211721 Superintendent of Public Instruction, to the school
17221722 districts of the count y where such pupils attend
17231723 school regardless of residence of such pupil, provided
17241724 the school district makes an ad valorem tax levy of
17251725 fifteen (15) mills for the current year and maintains
17261726 twelve (12) years of instruction;
17271727 10. On or after June 28, 2018, th e gross production tax levied
17281728 on natural gas or casinghead gas at the rate of five percent (5%)
17291729 provided for in paragraph 3 of subsection B of Section 1001 of this
17301730 title shall be apportioned as follows:
17311731 a. after the total revenue apportioned to the General
17321732 Revenue Fund as prescribed by subparagraph b of this
17331733 paragraph equals the moving five-year average amount
17341734 for gas as defined by paragraph 1 of subsection A of
17351735
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17861786 this section, there shall be ap portioned from the
17871787 gross production tax levy imposed pursuant to Section
17881788 1001 of this title on natural gas and/or casinghead
17891789 gas to the Revenue Stabilization Fund created pursuant
17901790 to Section 34.102 of Title 62 of the Oklahoma
17911791 Statutes, the amount of revenu e, if any, which exceeds
17921792 the moving five-year average amount for gas as defined
17931793 pursuant to paragraph 1 of subsection A of this
17941794 section,
17951795 b. until the apportionment to the General Revenue Fund
17961796 equals the moving five -year average amount for gas as
17971797 prescribed by paragraph 1 of subsection A of this
17981798 section, eighty percent ( 80%) shall be paid to the
17991799 State Treasurer of the state to be placed in the
18001800 General Revenue Fund of the state and used for the
18011801 general expense of state government, to be paid out
18021802 pursuant to direct appropriation by the Legislature,
18031803 c. before any other appor tionment of revenue has been
18041804 made pursuant to this paragraph, ten percent (10%) of
18051805 the sum collected from natural gas and/or casinghead
18061806 gas shall be paid to the various county treasurers to
18071807 be credited to the County Highway Fund as follows:
18081808 Each county shall receive a proportionate share of the
18091809 funds available based upon the proportion of the total
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18611861 value of production from such county in the
18621862 corresponding month of the preceding year, and
18631863 d. before any other apportionment of revenue has been
18641864 made pursuant to this paragraph, ten percent (10%)
18651865 shall be allocated to each county as provided for in
18661866 subparagraph c of this paragraph and shall be
18671867 apportioned, on an average daily attendance per capita
18681868 distribution basis, as certified by the State
18691869 Superintendent of Pu blic Instruction to the school
18701870 districts of the county where such pupils attend
18711871 school regardless of residence of such pupil, provided
18721872 the school district makes an ad valorem tax levy of
18731873 fifteen (15) mills for the current year and maintains
18741874 twelve (12) years of instruction; and
18751875 11. On or after June 28, 2018, the gross production tax on oil
18761876 levied at the rate of five percent (5%) provided for in paragraph 3
18771877 of subsection B of Section 1001 of t his title shall be apportioned
18781878 as follows:
18791879 a. there shall be apportioned from the gross production
18801880 tax levy imposed pursuant to Section 1001 of this
18811881 title on oil to the Revenue Stabilization Fund created
18821882 by Section 34.102 of Title 62 of the Oklahoma
18831883 Statutes, after the applicable maximum amount
18841884 prescribed by subsection C of this section has been
18851885
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19361936 deposited to the funds therein specified, the amount
19371937 of revenue, if any, which would otherwise be
19381938 apportioned to the General Revenue Fund and which
19391939 exceeds the moving five-year average amount for oil as
19401940 defined pursuant to paragr aph 2 of subsection A of
19411941 this section,
19421942 b. before any other apportionment of revenue has been
19431943 made pursuant to this paragraph, twenty-three and
19441944 seventy-five one-hundredths percent (23.75%) sha ll be
19451945 paid to the State Treasurer to be placed in the Common
19461946 Education Technology Revolving Fund created in Section
19471947 34.90 of Title 62 of the Oklahoma Statutes,
19481948 c. before any other apportionment of revenue has been
19491949 made pursuant to this paragraph, twenty -three and
19501950 seventy-five one-hundredths percent (23.75%) shall be
19511951 paid to the State Treasurer to be placed in the Higher
19521952 Education Capital Revolving Fund created in Section
19531953 34.91 of Title 62 of the Oklahoma Statutes,
19541954 d. before any other apportionment of revenu e has been
19551955 made pursuant to this paragraph, twenty -three and
19561956 seventy-five one-hundredths percent (23.75%) shall be
19571957 paid to the State Treasurer to be placed in the
19581958 Oklahoma Student Aid Revolving Fund created in Section
19591959 34.92 of Title 62 of the Oklahoma Stat utes,
19601960
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20112011 e. before any other apportionment of revenue has been
20122012 made pursuant to this paragraph, three and twenty-
20132013 eight one-hundredths percent (3.28%) shall be
20142014 distributed to the various counties of the state for
20152015 deposit into the County Bridge and Road Improve ment
20162016 Fund of each county based on a formula developed by
20172017 the Department of Transportation and approved by the
20182018 Department of Transportation County Advisory Board
20192019 created pursuant to Section 302.1 of Title 69 of the
20202020 Oklahoma Statutes to be used for the purpo ses set
20212021 forth in the County Bridge and Road Improvement Act .
20222022 The formula shall be similar to the formula currently
20232023 used for the distribution of monies in the County
20242024 Bridge Program funds, but shall also take into
20252025 consideration the effect of the terrain and traffic
20262026 volume as related to county road improvement and
20272027 maintenance costs,
20282028 f. before any other apportionment of revenue has been
20292029 made pursuant to this paragraph, five percent (5%)
20302030 shall be paid to the State Treasurer to be apportioned
20312031 to:
20322032 (1) the following sources and in the following
20332033 amounts through the fiscal year e nding June 30,
20342034 2027:
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20862086 (a) thirty-three and one-third percent (33 1/3%)
20872087 to the Oklahoma Tourism and Recreation
20882088 Department Capital Expenditure Revolving
20892089 Fund created pursuant to Section 2254.1 of
20902090 Title 74 of the Oklahoma Sta tutes,
20912091 (b) thirty-three and one-third percent (33 1/3%)
20922092 to the Oklahoma Conservation Commission
20932093 Infrastructure Revolving Fund created
20942094 pursuant to Section 3-2-110 of Title 27A of
20952095 the Oklahoma Statutes, and
20962096 (c) thirty-three and one-third percent (33 1/3%)
20972097 to the Community Water Infrastructure
20982098 Development Revolving Fund created pursuant
20992099 to Section 1085.7A of Title 82 of the
21002100 Oklahoma Statutes, and
21012101 (2) the Oklahoma Water Resources Board Rural Economic
21022102 Action Plan Water Pr ojects Fund for the fiscal
21032103 year beginning July 1, 2027, and for each fiscal
21042104 year thereafter,
21052105 g. before any other apportionment of revenue has been
21062106 made pursuant to this paragraph, ten percent (10%) of
21072107 the sum collected from oil shall be paid to the
21082108 various county treasurers, to be credited to the
21092109 County Highway Fund as follows : Each county shall
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21612161 receive a proportionate share of the funds available
21622162 based upon the proportion of the total value of
21632163 production from such county in the corresponding month
21642164 of the preceding year,
21652165 h. before any other appor tionment of revenue has been
21662166 made pursuant to this paragraph, ten percent (10%)
21672167 shall be allocated to each county as provided in
21682168 subparagraph g of this paragraph and shall be
21692169 apportioned on an average daily a ttendance per capita
21702170 distribution basis, as cert ified by the State
21712171 Superintendent of Public Instruction, to the school
21722172 districts of the county where such pupils attend
21732173 school regardless of residence of such pupil, provided
21742174 the school district makes an ad v alorem tax levy of
21752175 fifteen (15) mills for the cu rrent year and maintains
21762176 twelve (12) years of instruction, and
21772177 i. before any other apportionment of revenue has been
21782178 made pursuant to this paragraph, forty-seven one-
21792179 hundredths percent (0.47%) of the levy sh all be
21802180 transmitted by the Tax Commission to the S tatewide
21812181 Circuit Engineering Distri ct Revolving Fund as created
21822182 in Section 687.2 of Title 69 of the Oklahoma Statutes.
21832183 C. Provided, notwithstanding any other provision of this
21842184 section, the total amounts de posited to the Common Education
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22362236 Technology Revolving Fund, the Higher Education Capit al Revolving
22372237 Fund, the Oklahoma Student Aid Revolving Fund, the Rural Economic
22382238 Action Plan Water Projects Fund, the Oklahoma Tourism and Recreation
22392239 Department Capital Expe nditure Revolving Fund, the Oklahoma
22402240 Conservation Commission Infrastructure Revolving Fund and the
22412241 Community Water Infrastructure Development Revolving Fund pursuant
22422242 to paragraphs 6, 7 and 11 of subsection B of this section shall not
22432243 exceed One Hundred Fif ty Million Dollars ($150,000,000.00) in any
22442244 fiscal year. Except as otherwise provide d in this subsection, all
22452245 sums in excess of One Hundred Fifty Million Dollars
22462246 ($150,000,000.00) in any fiscal year which would otherwise be
22472247 deposited in such funds shall b e apportioned by the Oklahoma Tax
22482248 Commission to the General Revenue Fund of the state .
22492249 SECTION 4. This act shall become effectiv e November 1, 2023.
22502250
22512251 59-1-655 QD 1/17/2023 6:24:38 PM