Home Table of Contents

§ 450.3. Manner of payment of tax--Intent and purpose of act

Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 4b. Controlled Dangerous Substance Tax
68 Okl.St.Ann. § 450.3
§ 450.3. Manner of payment of tax--Intent and purpose of act
Currentness
A. The tax levied by Section 2 of this act1 shall be paid by affixing stamps in the manner and at the time herein set forth.
When a dealer purchases, acquires, transports, or imports into this state a controlled dangerous substance on which a tax is levied by Section 2 of this act, the dealer shall have the stamp affixed on the controlled dangerous substance immediately after receiving the controlled dangerous substance. Each stamp may be used only once.
Taxes imposed upon controlled dangerous substances by Section 2 of this act are due and payable immediately upon acquisition or possession of a controlled dangerous substance in this state by a dealer.
B. It is the intent and purpose of this act that no dealer shall possess any controlled dangerous substance upon which a tax is imposed by Section 2 of this act unless the tax has been paid on the controlled dangerous substance as evidenced by a stamp issued by the Commission.

Credits

Laws 1990, c. 25, § 3, operative July 1, 1990.

Footnotes

1
Title 68, § 450.2.
68 Okl. St. Ann. § 450.3, OK ST T. 68 § 450.3
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document