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§68-500.4B. Additional tax imposed on diesel fuel and gasoline - Apportionment of revenue.

68 OK Stat § 68-500.4B (2019) (N/A)
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A. For the purpose of providing revenue for the support of the functions of state government, in addition to the tax imposed by Section 500.4 of Title 68 of the Oklahoma Statutes, there is hereby imposed a tax of:

1. Six cents ($0.06) per gallon on all diesel fuel used or consumed in this state; and

2. Three cents ($0.03) per gallon on all gasoline used or consumed in this state.

B. All remaining revenue from the tax imposed by subsection A of this section and penalties and interest thereon collected by the Oklahoma Tax Commission, after the requirements of Section 500.63 of Title 68 of the Oklahoma Statutes have been fulfilled, shall be deposited as follows:

1. Prior to July 1, 2019, the remaining revenue shall be apportioned by the Oklahoma Tax Commission and transmitted to the State Treasurer who shall deposit such revenue in the General Revenue Fund; and

2. Beginning July 1, 2019, the remaining revenue shall be apportioned by the Oklahoma Tax Commission and transmitted to the State Treasurer who shall deposit such revenue in the Rebuilding Oklahoma Access and Driver Safety Fund created in Section 1521 of Title 69 of the Oklahoma Statutes.

Added by Laws 2018, 2nd Ex. Sess., c. 8, § 6.

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§68-500.4B. Additional tax imposed on diesel fuel and gasoline - Apportionment of revenue.