Okla. Stat. tit. 68, § 68-1019

This is the official text of Okla. Stat. tit. 68, § 68-1019, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.

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Definitions

Official statutory text

The following words, terms and phrases shall when used in

Sections 1017 through 1020, except where the context clearly

indicates a different meaning, have the following meaning:

(a) The word "Tax Commission" shall mean the Oklahoma Tax

Commission.

(b) The word "person" shall mean and include an individual, a

limited liability company, a corporation, a trust and any other

entity recognized as such under the laws of the State of Oklahoma.

(c) The word "ore" or "ores" shall mean and include alluvium

soil or earth or any sedimentary formation or rocks, or intrusive or

igneous dike, vein, or fissure, or any liquid substance or matter

which bears uranium, thorium, and any other fissionable material

together with vanadium, manganese, and nonfissionable materials

associated with fissionable materials or which bear tin, vanadium,

molybdenum, bismuth and any other metal or mineral, excepting coal

only, provided a tax is not levied in connection therewith under the

Gross Production Act referred to in Section 1001 hereof.

(d) The word "uranium" shall mean and include uranium, thorium,

and any other fissionable material together with vanadium,

manganese, and nonfissionable materials associated with fissionable

materials, also tin, vanadium, molybdenum, bismuth and any other

metal or mineral, excepting coal only, provided a tax is not levied

in connection therewith under Sections 1001 - 1016 of this Code.

(e) The words "gross value" mean the value of ore immediately

after being mined or produced, therefore, the amount received or the

amount that could or should have been received for ore if sold,

including any and all premiums, inducement payments, bonus payments,

or subsidies. In case ore is sold under circumstances where the

sales price does not represent the cash price thereof prevailing for

ore of like kinds, character or quality in the area from which the

ore is produced, the Tax Commission may require the tax to be paid

Oklahoma Statutes - Title 68. Revenue and Taxation Page 402

upon the basis of the prevailing price then being paid at the time

of production thereof in said area for ore of like kind, quality and

character.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.