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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
SENATE BILL 751 By: Woods
AS INTRODUCED
An Act relating to use tax; amending 68 O.S. 2021,
Section 1403, which re lates to apportionment of
revenues; increasing certain apportionm ents for
certain fiscal years; decreasing certain
apportionments for certa in fiscal years; updating
statutory language; providing an effective date; and
declaring an emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF O KLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 1403, is
amended to read as follows:
Section 1403. A. It is hereby declared to be the purpose of
Section 1401 et seq. of this title to pr ovide for the support of the
functions of the state and local government of Oklahoma this state;
and for this purpose an d to this end, it is hereby expressly
provided that the revenues derived hereunder, subject to the
apportionment provided in subsection B of this section and to the
apportionment requir ements for the Oklahoma Tax Commission and
Office of Management and Ent erprise Services Joint Computer
Enhancement Fund provided by Section 265 of this title, are hereby
apportioned as follows:
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1. The following amounts 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
Legislature:
Fiscal Year Amount
FY 2004 85.35%
FY 2005 85.14%
FY 2006 85.54%
FY 2007 85.04%
FY 2008 through FY 2022 83.61%
FY 2023 through FY 2027 83.36%
FY 2028 2024 and each fiscal year thereafter 83.61% 100%;
2. The following amounts shall be paid to the State Treasurer
to be placed to the credit of the Education Reform Revolving Fu nd of
the State Department of Educatio n:
a. for FY 2020, ten and forty-six one-hundredths percent
(10.46%),
b. for FY 2021:
(1) for the month beginning July 1, 2020, through the
month ending August 31, 2020, ten and forty -six
one-hundredths percent (10.46% ), and
(2) for the month beginning Sep tember 1, 2020,
through the month ending June 30, 2021, eleven
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and ninety-six one-hundredths percent (11.96%),
and
c. for FY 2022 and each fiscal year thereafter, ten and
forty-six one-hundredths percent (10.46%);
3. The following amounts shall be paid to the State Treasurer
to be placed to the credit of the Teachers ’ Retirement System
Dedicated Revenue Revolving Fund:
Fiscal Year Amount
FY 2003 and FY 2004 3.54%
FY 2005 3.75%
FY 2006 4.0%
FY 2007 4.5%
FY 2008 through FY 2020 5.0%
FY 2021:
a. for the month beginning July
1, 2020, through the month
ending August 31, 2020 5.0%
b. for the month beginning
September 1, 2020, through
the month ending June 30,
2021 3.5%
FY 2022 5.0%
FY 2023 through FY 2027 5.25%
FY 2028 and each fiscal year thereafter 5.0%;
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4. a. except Except as otherwise provided in subparagraph b
of this paragraph, for the fiscal y ear beginning July
1, 2015, and for each fiscal year thereafter through
fiscal year 2023, eighty-seven one-hundredths percent
(0.87%) shall be paid to the State Treasurer to be
further apportioned as follows:
(1) thirty-six percent (36%) shall be placed to t he
credit of the Oklaho ma Tourism Promotion
Revolving Fund, but in no event shall such
apportionment exceed the total amount appo rtioned
pursuant to this division for t he fiscal year
ending on June 30, 2015, and
(2) sixty-four percent (64%) shall be place d to the
credit of the Oklahoma Tourism Capital
Improvement Revolving Fund, but in no event shall
such apportionment exceed the to tal amount
apportioned pursuant to this division for the
fiscal year ending on June 30, 2015, and
b. any amounts which exceed the limitations of
subparagraph a of this paragraph shall be placed to
the credit of the General Revenue Fund; and
5. For the fiscal year beginning July 1, 2015 , and for each
fiscal year thereafter through fiscal year 2023 , six one-hundredths
percent (0.06%) shall be placed to the credit of the Oklahoma
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Historical Society Capital Improvement and Operations Revolving
Fund, but in no event shall such apportionment exceed t he total
amount apportioned pursuant to this paragraph for the fiscal year
ending on June 30, 2015 . Any amounts which exceed the limita tions
of this paragraph shall be placed to the credit of the General
Revenue Fund.
B. Prior to the apportionments other wise provided in this
section, there shall be apportioned to the Education Reform
Revolving Fund of the State Department of Education th e following
amounts in the following state fiscal years:
FY 2019 $19,600,000.00; and
FY 2020 and each year thereafter $20,500,000.00.
SECTION 2. This act shall become effective July 1, 2023.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reas on whereof this act shall take effect and
be in full force from and after its passage and approval.
59-1-549 QD 1/18/2023 5:16:37 PM