Okla. Stat. tit. 68, § 68-3953
This is the official text of Okla. Stat. tit. 68, § 68-3953, 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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Oklahoma Five Major Sports Leagues Rebate Payment Fund
Official statutory text
There is hereby created within the State Treasury a special fund
for the Oklahoma Tax Commission to be designated the “Oklahoma Five
Major Sports Leagues Rebate Payment Fund”. The Tax Commission is
hereby authorized and directed to withhold a portion of the taxes
levied and collected pursuant to Section 2355 of Title 68 of the
Oklahoma Statutes for deposit into the fund. The amount deposited
shall equal the sum of an amount determined by multiplying the net
benefit rate provided by the Oklahoma Department of Commerce by the
gross payroll as determined pursuant to the provisions of this act.
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1474
All the amounts deposited in the fund shall be used and expended by
the Tax Commission solely for the purposes and in the amounts
authorized by the Oklahoma Five Major Sports Leagues Rebate Program
Act. The liability of the State of Oklahoma to make the rebate
payments under this act shall be limited to the balance contained in
the fund created by this section.
for the Oklahoma Tax Commission to be designated the “Oklahoma Five
Major Sports Leagues Rebate Payment Fund”. The Tax Commission is
hereby authorized and directed to withhold a portion of the taxes
levied and collected pursuant to Section 2355 of Title 68 of the
Oklahoma Statutes for deposit into the fund. The amount deposited
shall equal the sum of an amount determined by multiplying the net
benefit rate provided by the Oklahoma Department of Commerce by the
gross payroll as determined pursuant to the provisions of this act.
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1474
All the amounts deposited in the fund shall be used and expended by
the Tax Commission solely for the purposes and in the amounts
authorized by the Oklahoma Five Major Sports Leagues Rebate Program
Act. The liability of the State of Oklahoma to make the rebate
payments under this act shall be limited to the balance contained in
the fund created by this section.
Status: in_force · Read it on the official government site
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