Okla. Stat. tit. 82, § 82-1324.22
This is the official text of Okla. Stat. tit. 82, § 82-1324.22, 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 said district, whether real, personal or
mixed; such exemption shall include, but not be limited to,
franchise taxes or assessments or fees levied by a county or
municipality for inspections of the facilities of the district which
were not requested by the district. Any and all securities and
evidences of indebtedness issued by a district created pursuant to
this act and the income interest and capital gains thereon shall not
be subject to the income tax laws of this state and persons owning
or holding said 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 said securities and evidences of indebtedness.
Oklahoma Statutes - Title 82. Waters and Water Rights Page 331
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 said district, whether real, personal or
mixed; such exemption shall include, but not be limited to,
franchise taxes or assessments or fees levied by a county or
municipality for inspections of the facilities of the district which
were not requested by the district. Any and all securities and
evidences of indebtedness issued by a district created pursuant to
this act and the income interest and capital gains thereon shall not
be subject to the income tax laws of this state and persons owning
or holding said 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 said securities and evidences of indebtedness.
Oklahoma Statutes - Title 82. Waters and Water Rights Page 331
Status: in_force · Read it on the official government site
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