Home Table of Contents

§ 2004. Purposes of tax

Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 20. Cotton Manufactories (Refs & Annos)
68 Okl.St.Ann. § 2004
§ 2004. Purposes of tax
The gross production tax provided for by this Act1 is hereby levied and collected for the following specific purposes, to wit:
First: The tax on the land shall be collected and distributed by the County Treasurer to the same funds as other land taxes in the taxing district shall go and be distributed.
Second: The tax on the buildings, mill, machinery, appliances, equipments and property used in the production of textile manufactured products shall go to and be distributed by the County Treasurer to the various funds as follows:
One thirtieth (1/30) of the said tax to the State of Oklahoma for the General Revenue purposes.
Fifteen thirtieths (15/30) of the said tax to the school district in which the mill is located for school purposes.
Seven thirtieths (7/30) of the said tax to the city or township in which the said mill is located for city or township purposes, as the case may be.
Two thirtieths (2/30) of the said tax to the sinking funds of the county school district and city or township in which the said mill is located to be divided in proportion to the respective levies made for that year for the said sinking funds.
Five thirtieths (5/30) of the said tax to the county general fund.
Said apportionment and distribution for the said funds shall be made by the county treasurer of the said county.

Credits

Laws 1927, c. 111, p. 175, § 4, emerg. eff. March 23, 1927; Laws 1955, p. 391, § 3. Renumbered from Title 68, § 784 by Laws 1965, c. 215, § 1.

Footnotes

Title 68, § 2001 et seq.
68 Okl. St. Ann. § 2004, OK ST T. 68 § 2004
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document