Okla. Stat. tit. 82, § 82-1274
This is the official text of Okla. Stat. tit. 82, § 82-1274, part of Oklahoma’s Stat. tit. 82, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 82,." Browse the sections below, each linked to its official government source.
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Exemption from taxes and assessments
Official statutory text
Districts formed hereunder shall be exempt from all excise taxes
of whatsoever kind or nature, and further, shall be exempt from
payment of assessments in any general or special taxing district
levied upon the property of the district, whether real, personal or
mixed. Any and all obligations, securities and evidences of
indebtedness issued by a district formed pursuant to this act shall
be exempt from all inheritance or death taxes, and the income
interest and capital gains thereon shall not be subject to the
income tax laws of this state. Persons owning or holding the
obligations, securities and evidences of indebtedness or their
heirs, devisees, successors or assigns shall not be required to pay
to the State of Oklahoma income tax upon the profits and capital
gains upon the obligations, securities and evidences of
indebtedness.
of whatsoever kind or nature, and further, shall be exempt from
payment of assessments in any general or special taxing district
levied upon the property of the district, whether real, personal or
mixed. Any and all obligations, securities and evidences of
indebtedness issued by a district formed pursuant to this act shall
be exempt from all inheritance or death taxes, and the income
interest and capital gains thereon shall not be subject to the
income tax laws of this state. Persons owning or holding the
obligations, securities and evidences of indebtedness or their
heirs, devisees, successors or assigns shall not be required to pay
to the State of Oklahoma income tax upon the profits and capital
gains upon the obligations, securities and evidences of
indebtedness.
Status: in_force · Read it on the official government site
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