Okla. Stat. tit. 68, § 68-302-3

revenues.

(a) In addition to the tax levied in Sections 302, 302-1 and

302-2 of Title 68 of the Oklahoma Statutes, except as otherwise

provided in this section, there is hereby levied upon the sale, use,

gift, possession, or consumption of cigarettes, as defined in

Sections 301 through 325 of Title 68 of the Oklahoma Statutes,

within the State of Oklahoma a tax at a rate reflecting the amount

of the reduction of the federal cigarette tax levied pursuant to the

Oklahoma Statutes - Title 68. Revenue and Taxation Page 150

provisions of subsection (b) of Section 5701 of the Internal Revenue

Code, scheduled to be effective October 1, 1985. However, if the

federal cigarette tax is increased subsequent to said reduction but

prior to January 1, 1986, and said federal cigarette tax is

increased by the amount of the reduction of said tax which was

effective October 1, 1985, the provisions of this section shall

cease to be effective. If the federal cigarette tax is increased

subsequent to said reduction but prior to January 1, 1986, and said

federal cigarette tax is increased by an amount less than the amount

of the reduction of said tax which was effective October 1, 1985,

the tax levied pursuant to the provisions of this section shall be

at a rate reflecting the difference between the amount of the

reduction of federal cigarette tax which was effective October 1,

1985, and the amount of the increase of said tax. Such tax shall be

evidenced by tax stamps as now provided for by law for other

cigarette taxes, except that as to cigarette packages of less than

ten cigarettes for free distribution as samples, the tax therein

levied shall be computed and paid as provided for other cigarette

taxes without affixing stamps on such package.

(b) No part of the revenues resulting from the additional tax

levied in this section shall be used in determining the amount of

cigarette tax collections to be paid into the State of Oklahoma

Institutional Building Bonds of 1961 Sinking Fund pursuant to the

provisions of Sections 57.31 through 57.43 of Title 62 of the

Oklahoma Statutes or into the State of Oklahoma Institutional

Building Bonds of 1965 Sinking Fund pursuant to the provisions of

Sections 57.61 through 57.73 of Title 62 of the Oklahoma Statutes.

(c) The revenue resulting from the additional tax levied in

this section shall be apportioned by the Oklahoma Tax Commission and

transmitted to the State Treasurer, who shall deposit the same in

the General Revenue Fund of the State of Oklahoma.

(d) The cigarette tax levied in this section shall be collected

and administered in all respects not inconsistent with as now or

hereafter provided for by law for other cigarette taxes now levied,

collected, and administered pursuant to the provisions of Sections

301 through 325 of Title 68 of the Oklahoma Statutes.