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§ 1220. Tax exemption

Oklahoma Statutes AnnotatedTitle 19. Counties and County Officers

Oklahoma Statutes Annotated
Title 19. Counties and County Officers
Chapter 29. Ambulance Service Districts Act
19 Okl.St.Ann. § 1220
§ 1220. Tax exemption
Districts formed hereunder shall be exempt from all excise taxes and, further, shall be exempt from payment of assessments in any general or special taxing district levied upon the property of the district, whether real, personal, or mixed. Any and all securities and evidences of indebtedness issued by a district created pursuant to the Ambulance Service Districts Act and the income interest and capital gains thereon shall not be subject to the income tax laws of this state and persons owning or holding the securities and evidences of indebtedness or their heirs, devisees, successors, or assigns shall not be required to pay to the State of Oklahoma income tax upon the profits and capital gains upon the securities and evidences of indebtedness.

Credits

Laws 1974, c. 86, § 20, emerg. eff. April 19, 1974; Laws 2010, c. 295, § 19, emerg. eff. June 6, 2010.
19 Okl. St. Ann. § 1220, OK ST T. 19 § 1220
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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