§ 1403. Purpose of article--Apportionment of revenues
Oklahoma Statutes AnnotatedTitle 68. Revenue and TaxationEffective: July 1, 2021
Effective: July 1, 2021
68 Okl.St.Ann. § 1403
§ 1403. Purpose of article--Apportionment of revenues
A. It is hereby declared to be the purpose of Section 1401 et seq. of this title to provide for the support of the functions of the state and local government of Oklahoma; and for this purpose and to this end, it is hereby expressly provided that the revenues derived hereunder, subject to the apportionment provided in subsection B of this section and to the apportionment requirements for the Oklahoma Tax Commission and Office of Management and Enterprise Services Joint Computer Enhancement Fund provided by Section 265 of this title, are hereby apportioned as follows:
Fiscal Year | Amount | |
FY 2004 | 85.35% | |
FY 2005 | 85.14% | |
FY 2006 | 85.54% | |
FY 2007 | 85.04% | |
FY 2008 through FY 2022 | 83.61% | |
FY 2023 through FY 2027 | 83.36% | |
FY 2028 and each fiscal year thereafter | 83.61%; |
2. The following amounts shall be paid to the State Treasurer to be placed to the credit of the Education Reform Revolving Fund1 of the State Department of Education:
3. The following amounts shall be paid to the State Treasurer to be placed to the credit of the Teachers' Retirement System Dedicated Revenue Revolving Fund:2
Fiscal Year | Amount | |
FY 2003 and FY 2004 | 3.54% | ||
FY 2005 | 3.75% | ||
FY 2006 | 4.0% | ||
FY 2007 | 4.5% | ||
FY 2008 through FY 2020 | 5.0% | ||
FY 2021: |
a. | for the month beginning July 1, 2020, through the month ending August 31, 2020 | 5.0% | |
b. | for the month beginning September 1, 2020, through the month ending June 30, 2021 | 3.5% |
FY 2022 | 5.0% | |
FY 2023 through FY 2027 | 5.25% | |
FY 2028 and each fiscal year thereafter | 5.0%; |
(1) thirty-six percent (36%) shall be placed to the credit of the Oklahoma Tourism Promotion Revolving Fund,3 but in no event shall such apportionment exceed the total amount apportioned pursuant to this division for the fiscal year ending on June 30, 2015, and
(2) sixty-four percent (64%) shall be placed to the credit of the Oklahoma Tourism Capital Improvement Revolving Fund,4 but in no event shall such apportionment exceed the total amount apportioned pursuant to this division for the fiscal year ending on June 30, 2015, and
5. For the fiscal year beginning July 1, 2015, and for each fiscal year thereafter, six one-hundredths percent (0.06%) shall be placed to the credit of the Oklahoma Historical Society Capital Improvement and Operations Revolving Fund,5 but in no event shall such apportionment exceed the total amount apportioned pursuant to this paragraph for the fiscal year ending on June 30, 2015. Any amounts which exceed the limitations of this paragraph shall be placed to the credit of the General Revenue Fund.
FY 2019 | $19,600,000.00; and | |
FY 2020 and each year thereafter | $20,500,000.00. |
Credits
Laws 1963, c. 368, § 2, emerg. eff. June 18, 1963. Renumbered from Title 68, § 14-1403 by Laws 1965, c. 215, § 2. Laws 1977, c. 113, § 2, eff. July 1, 1977; Laws 1996, c. 269, § 4, eff. June 1, 1996; Laws 1999, c. 254, § 9, eff. June 30, 1999; Laws 2002, c. 482, § 2, eff. July 1, 2002; Laws 2003, c. 3, § 65, emerg. eff. March 19, 2003; Laws 2005, c. 479, § 15, eff. July 1, 2005; Laws 2006, 2nd Ex.Sess., c. 44, § 18, eff. July 1, 2007; Laws 2007, c. 105, § 4, eff. Nov. 1, 2007; Laws 2007, c. 366, § 4, eff. Nov. 1, 2007; Laws 2008, c. 278, § 9, eff. July 1, 2008; Laws 2010, c. 466, § 2, eff. July 1, 2010; Laws 2012, c. 304, § 542; Laws 2015, c. 349, § 2, eff. July 1, 2015; Laws 2018, 2nd Ex.Sess., c. 17, § 9, emerg. eff. April 10, 2018; Laws 2020, c. 15, § 2, eff. Sept. 1, 2020; Laws 2021, c. 490, § 2, eff. July 1, 2021.
Footnotes
Title 62, § 34.89.
Title 62, § 34.93.
Title 68, § 50014.
Title 68, § 50014.
Title 53, § 1.10a.
68 Okl. St. Ann. § 1403, OK ST T. 68 § 1403
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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