Okla. Stat. tit. 74, § 74-5157
This is the official text of Okla. Stat. tit. 74, § 74-5157, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Exemption from taxation and assessments
Official statutory text
The exercise of the powers granted by this act will be for the
benefit of the people of the state and shall be liberally construed
to effect the purposes thereof. As the performance of public
services will constitute the performance of essential government
functions, any project or part thereof owned by the state and used
for performing any public service pursuant to a contract entered
into under this act that would be exempt from taxation or
assessments in the absence of such contract shall remain exempt from
taxation and assessments levied by the state and its subdivisions to
the same extent as if not subject to that contract. The gross
receipts and income of a successful proposer derived from providing
public services under a contract through a project owned by the
state shall be exempt from taxation levied by the state and its
subdivisions. Any transfer or lease between a proposer and the
state of a project or part thereof, or item included or to be
included in the project, shall be exempt from any taxes levied if
the state is retaining ownership of the project or part thereof that
is being transferred or leased.
benefit of the people of the state and shall be liberally construed
to effect the purposes thereof. As the performance of public
services will constitute the performance of essential government
functions, any project or part thereof owned by the state and used
for performing any public service pursuant to a contract entered
into under this act that would be exempt from taxation or
assessments in the absence of such contract shall remain exempt from
taxation and assessments levied by the state and its subdivisions to
the same extent as if not subject to that contract. The gross
receipts and income of a successful proposer derived from providing
public services under a contract through a project owned by the
state shall be exempt from taxation levied by the state and its
subdivisions. Any transfer or lease between a proposer and the
state of a project or part thereof, or item included or to be
included in the project, shall be exempt from any taxes levied if
the state is retaining ownership of the project or part thereof that
is being transferred or leased.
Status: in_force · Read it on the official government site
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