Okla. Stat. tit. 68, § 68-1353v2

This is the official text of Okla. Stat. tit. 68, § 68-1353v2, 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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Purpose of article - Apportionment of revenues

Official statutory text

A. It is hereby declared to be the purpose of the Oklahoma

Sales Tax Code to provide funds for the financing of the program

provided for by the Oklahoma Social Security Act and to provide

revenues for the support of the functions of the state government of

Oklahoma, and for this purpose it is hereby expressly provided that,

revenues derived pursuant to the provisions of the Oklahoma Sales

Tax Code, subject 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, and further subject to the apportionment requirement provided

in subsection D of this section, shall be apportioned as follows:

1. Except as provided in subsection C of this section, the

following amounts shall be paid to the State Treasurer to be placed

to the credit of the General Revenue Fund to be paid out pursuant to

direct appropriation by the Legislature:

Fiscal Year Amount

FY 2003 and FY 2004 86.04%

Oklahoma Statutes - Title 68. Revenue and Taxation Page 441

FY 2005 85.83%

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 Fund of

the State Department of Education:

a. for FY 2003, FY 2004 and FY 2005, ten and forty-two

one-hundredths percent (10.42%),

b. for FY 2006 through FY 2020, ten and forty-six one-

hundredths percent (10.46%),

c. for FY 2021:

(1) for the month beginning July 1, 2020, through the

month ending August 31, 2020, ten and forty-six

one-hundredths percent (10.46%), and

(2) for the month beginning September 1, 2020,

through the month ending June 30, 2021, eleven

and ninety-six one-hundredths percent (11.96%),

d. for FY 2022 and each fiscal year thereafter, ten and

forty-six one-hundredths percent (10.46%);

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:

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%;

4. a. except as otherwise provided in subparagraph b of this

paragraph, for the fiscal year beginning July 1, 2022,

and for each fiscal year thereafter, eighty-seven one-

hundredths percent (0.87%) shall be paid to the State

Treasurer to be further apportioned as follows:

Oklahoma Statutes - Title 68. Revenue and Taxation Page 442

(1) twenty-four percent (24%) shall be placed to the

credit of the Oklahoma Tourism Promotion

Revolving Fund, but in no event shall such

apportionment exceed Five Million Dollars

($5,000,000.00) in any fiscal year,

(2) forty-four percent (44%) shall be placed to the

credit of the Oklahoma Tourism Capital

Improvement Revolving Fund, but in no event shall

such apportionment exceed Nine Million Dollars

($9,000,000.00) in any fiscal year, and
e

credit of the Oklahoma Tourism Promotion

Revolving Fund, but in no event shall such

apportionment exceed Five Million Dollars

($5,000,000.00) in any fiscal year,

(2) forty-four percent (44%) shall be placed to the

credit of the Oklahoma Tourism Capital

Improvement Revolving Fund, but in no event shall

such apportionment exceed Nine Million Dollars

($9,000,000.00) in any fiscal year, and

(3) thirty-two percent (32%) shall be placed to the

credit of the Oklahoma Route 66 Commission

Revolving Fund, but in no event shall such

apportionment exceed Six Million Six Hundred

Thousand Dollars ($6,600,000.00) in any fiscal

year, and

b. any amounts which exceed the limitations of

subparagraph a of this paragraph shall be placed to

the credit of the General Revenue Fund; 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, 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.

B. Provided, for the fiscal year beginning July 1, 2007, and

every fiscal year thereafter, an amount of revenue shall be

apportioned to each municipality or county which levies a sales tax

subject to the provisions of Section 1357.10 of this title and

subsection F of Section 2701 of this title equal to the amount of

sales tax revenue of such municipality or county exempted by the

provisions of Section 1357.10 of this title and subsection F of

Section 2701 of this title. The Oklahoma Tax Commission shall

promulgate and adopt rules necessary to implement the provisions of

this subsection.

C. From the monies that would otherwise be apportioned to the

General Revenue Fund pursuant to subsection A of this section, there

shall be apportioned the following amounts:

1. For the month ending August 31, 2019:

a. Nine Million Six Hundred Thousand Dollars

($9,600,000.00) to the credit of the State Highway

Construction and Maintenance Fund created in Section

1501 of Title 69 of the Oklahoma Statutes, and

b. Two Million Dollars ($2,000,000.00) to the credit of

the Oklahoma Railroad Maintenance Revolving Fund

Oklahoma Statutes - Title 68. Revenue and Taxation Page 443

created in Section 309 of Title 66 of the Oklahoma

Statutes;

2. For the month ending September 30, 2019:

a. Twenty Million Dollars ($20,000,000.00) to the credit

of the State Highway Construction and Maintenance Fund

created in Section 1501 of Title 69 of the Oklahoma

Statutes, and

b. Two Million Dollars ($2,000,000.00) to the credit of

the Oklahoma Railroad Maintenance Revolving Fund

created in Section 309 of Title 66 of the Oklahoma

Statutes;

3. For the month ending October 31, 2019:

a. Twenty Million Dollars ($20,000,000.00) to the credit

of the State Highway Construction and Maintenance Fund

created in Section 1501 of Title 69 of the Oklahoma

Statutes, and

b. Two Million Dollars ($2,000,000.00) to the credit of

the Oklahoma Railroad Maintenance Revolving Fund

created in Section 309 of Title 66 of the Oklahoma

Statutes;

4. For the month ending November 30, 2019:

a. Twenty Million Dollars ($20,000,000.00) to the credit

of the State Highway Construction and Maintenance Fund

created in Section 1501 of Title 69 of the Oklahoma

Statutes, and

b. Two Million Dollars ($2,000,000.00) to the credit of

the Oklahoma Railroad Maintenance Revolving Fund

created in Section 309 of Title 66 of the Oklahoma

Statutes; and

5. For the month ending December 31, 2019:

a. Twenty Million Dollars ($20,000,000.00) to the credit

of the State Highway Construction and Maintenance Fund

created in Section 1501 of Title 69 of the Oklahoma

Statutes, and
b. Two Million Dollars ($2,000,000.00) to the credit of

the Oklahoma Railroad Maintenance Revolving Fund

created in Section 309 of Title 66 of the Oklahoma

Statutes; and

5. For the month ending December 31, 2019:

a. Twenty Million Dollars ($20,000,000.00) to the credit

of the State Highway Construction and Maintenance Fund

created in Section 1501 of Title 69 of the Oklahoma

Statutes, and

b. Two Million Dollars ($2,000,000.00) to the credit of

the Oklahoma Railroad Maintenance Revolving Fund

created in Section 309 of Title 66 of the Oklahoma

Statutes.

D. For fiscal year 2029, and each subsequent fiscal year, Fifty

Million Dollars ($50,000,000.00) shall be placed to the credit of

the Oklahoma Capital Assets Maintenance and Protection Fund created

in Section 2 of this act.

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.