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53	53	STATE OF OKLAHOMA
54	54
55	55	1st Session of the 59th Legislature (2023)
56	56
57	57	SENATE BILL 751 By: Woods
58	58
59	59
60	60
61	61
62	62
63	63	AS INTRODUCED
64	64
65	65	An Act relating to use tax; amending 68 O.S. 2021,
66	66	Section 1403, which re lates to apportionment of
67	67	revenues; increasing certain apportionm ents for
68	68	certain fiscal years; decreasing certain
69	69	apportionments for certa in fiscal years; updating
70	70	statutory language; providing an effective date; and
71	71	declaring an emergency.
72	72
73	73
74	74
75	75	BE IT ENACTED BY THE PEOPLE OF THE STATE OF O KLAHOMA:
76	76	SECTION 1. AMENDATORY 68 O.S. 2021, Section 1403, is
77	77	amended to read as follows:
78	78	Section 1403. A. It is hereby declared to be the purpose of
79	79	Section 1401 et seq. of this title to pr ovide for the support of the
80	80	functions of the state and local government of Oklahoma this state;
81	81	and for this purpose an d to this end, it is hereby expressly
82	82	provided that the revenues derived hereunder, subject to the
83	83	apportionment provided in subsection B of this section and to the
84	84	apportionment requir ements for the Oklahoma Tax Commission and
85	85	Office of Management and Ent erprise Services Joint Computer
86	86	Enhancement Fund provided by Section 265 of this title, are hereby
87	87	apportioned as follows:
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139	139	1. The following amounts shall be paid by the Tax Commission to
140	140	the State Treasurer and placed to the credit of the General Revenue
141	141	Fund to be paid out pursuant to direct appropriation by the
142	142	Legislature:
143	143	Fiscal Year Amount
144	144	FY 2004 85.35%
145	145	FY 2005 85.14%
146	146	FY 2006 85.54%
147	147	FY 2007 85.04%
148	148	FY 2008 through FY 2022 83.61%
149	149	FY 2023 through FY 2027 83.36%
150	150	FY 2028 2024 and each fiscal year thereafter 83.61% 100%;
151	151	2. The following amounts shall be paid to the State Treasurer
152	152	to be placed to the credit of the Education Reform Revolving Fu nd of
153	153	the State Department of Educatio n:
154	154	a. for FY 2020, ten and forty-six one-hundredths percent
155	155	(10.46%),
156	156	b. for FY 2021:
157	157	(1) for the month beginning July 1, 2020, through the
158	158	month ending August 31, 2020, ten and forty -six
159	159	one-hundredths percent (10.46% ), and
160	160	(2) for the month beginning Sep tember 1, 2020,
161	161	through the month ending June 30, 2021, eleven
162	162
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213	213	and ninety-six one-hundredths percent (11.96%),
214	214	and
215	215	c. for FY 2022 and each fiscal year thereafter, ten and
216	216	forty-six one-hundredths percent (10.46%);
217	217	3. The following amounts shall be paid to the State Treasurer
218	218	to be placed to the credit of the Teachers ’ Retirement System
219	219	Dedicated Revenue Revolving Fund:
220	220	Fiscal Year Amount
221	221	FY 2003 and FY 2004 3.54%
222	222	FY 2005 3.75%
223	223	FY 2006 4.0%
224	224	FY 2007 4.5%
225	225	FY 2008 through FY 2020 5.0%
226	226	FY 2021:
227	227	a. for the month beginning July
228	228	1, 2020, through the month
229	229	ending August 31, 2020 5.0%
230	230	b. for the month beginning
231	231	September 1, 2020, through
232	232	the month ending June 30,
233	233	2021 3.5%
234	234	FY 2022 5.0%
235	235	FY 2023 through FY 2027 5.25%
236	236	FY 2028 and each fiscal year thereafter 5.0%;
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288	288	4. a. except Except as otherwise provided in subparagraph b
289	289	of this paragraph, for the fiscal y ear beginning July
290	290	1, 2015, and for each fiscal year thereafter through
291	291	fiscal year 2023, eighty-seven one-hundredths percent
292	292	(0.87%) shall be paid to the State Treasurer to be
293	293	further apportioned as follows:
294	294	(1) thirty-six percent (36%) shall be placed to t he
295	295	credit of the Oklaho ma Tourism Promotion
296	296	Revolving Fund, but in no event shall such
297	297	apportionment exceed the total amount appo rtioned
298	298	pursuant to this division for t he fiscal year
299	299	ending on June 30, 2015, and
300	300	(2) sixty-four percent (64%) shall be place d to the
301	301	credit of the Oklahoma Tourism Capital
302	302	Improvement Revolving Fund, but in no event shall
303	303	such apportionment exceed the to tal amount
304	304	apportioned pursuant to this division for the
305	305	fiscal year ending on June 30, 2015, and
306	306	b. any amounts which exceed the limitations of
307	307	subparagraph a of this paragraph shall be placed to
308	308	the credit of the General Revenue Fund; and
309	309	5. For the fiscal year beginning July 1, 2015 , and for each
310	310	fiscal year thereafter through fiscal year 2023 , six one-hundredths
311	311	percent (0.06%) shall be placed to the credit of the Oklahoma
312	312
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363	363	Historical Society Capital Improvement and Operations Revolving
364	364	Fund, but in no event shall such apportionment exceed t he total
365	365	amount apportioned pursuant to this paragraph for the fiscal year
366	366	ending on June 30, 2015 . Any amounts which exceed the limita tions
367	367	of this paragraph shall be placed to the credit of the General
368	368	Revenue Fund.
369	369	B. Prior to the apportionments other wise provided in this
370	370	section, there shall be apportioned to the Education Reform
371	371	Revolving Fund of the State Department of Education th e following
372	372	amounts in the following state fiscal years:
373	373	FY 2019 $19,600,000.00; and
374	374	FY 2020 and each year thereafter $20,500,000.00.
375	375	SECTION 2. This act shall become effective July 1, 2023.
376	376	SECTION 3. It being immediately necessary for the preservation
377	377	of the public peace, health or safety, an emergency is hereby
378	378	declared to exist, by reas on whereof this act shall take effect and
379	379	be in full force from and after its passage and approval.
380	380
381	381	59-1-549 QD 1/18/2023 5:16:37 PM

Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB751 Compare Versions