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§ 5157. Exemption from taxation and assessments

Oklahoma Statutes AnnotatedTitle 74. State Government

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 71A. Oklahoma Public & Private Facilities Infrastructure Act
74 Okl.St.Ann. § 5157
§ 5157. Exemption from taxation and assessments
The exercise of the powers granted by this act1 will be for the benefit of the people of the state and shall be liberally construed to effect the purposes thereof. As the performance of public services will constitute the performance of essential government functions, any project or part thereof owned by the state and used for performing any public service pursuant to a contract entered into under this act that would be exempt from taxation or assessments in the absence of such contract shall remain exempt from taxation and assessments levied by the state and its subdivisions to the same extent as if not subject to that contract. The gross receipts and income of a successful proposer derived from providing public services under a contract through a project owned by the state shall be exempt from taxation levied by the state and its subdivisions. Any transfer or lease between a proposer and the state of a project or part thereof, or item included or to be included in the project, shall be exempt from any taxes levied if the state is retaining ownership of the project or part thereof that is being transferred or leased.

Credits

Laws 2017, c. 251, § 7, eff. Nov. 1, 2017.

Footnotes

Title 74, § 5151 et seq.
74 Okl. St. Ann. § 5157, OK ST T. 74 § 5157
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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