us-ok/stat

Okla. Stat. tit. 68, § 1370.6

County sales tax - Levy of tax on gross proceeds or receipts derived from certain consumer sales and services to fund projects for new public improvements

Official textoscn.netlast amended Nov 01, 2015

# A.

Notwithstanding the provisions of Section 1370 of this title and in accordance with Section 1 of this act, any county of this state with a population of more than three hundred thousand (300,000) according to the latest Federal Decennial Census may levy a sales tax of not to exceed one percent (1%) upon the gross proceeds or gross receipts derived from all sales or services in the county upon which a consumer's sales tax is levied by the state, except as provided in paragraph 8 of Section 1357 of this title, subject to the following conditions:

# 1.

The proceeds of such sales tax shall be used solely for the purpose of funding one or more projects for new public improvements;

# 2.

Before a sales tax may be levied by the county, the imposition of the tax shall first be approved by a majority of the registered voters of the county voting thereon at a special election called by resolution of the board of county commissioners;

# 3.

Such sales tax can only be imposed for a period of not to exceed three (3) years; and

# 4.

Any special election called pursuant to this section must be held no later than March 1, 1994.

# B.

The board of county commissioners shall create a limitedpurpose fund and deposit therein any revenue generated by any sales tax levied pursuant to the provisions of subsection A of this section. The fund shall be placed in an insured interest-bearing account and the interest which accrues to the fund shall be retained in the fund. Monies in the limited-purpose fund shall be expended only as accumulated and only for the purpose specifically described in paragraph 1 of subsection A of this section.

# C.

As used in this section:

# 1.

"Projects for new public improvements" means any new and beneficial change, addition, betterment or enhancement of or upon any real property belonging to a public agency, intended to enhance the value, beauty or utility of said property or to adapt it to new or further purposes; and

# 2.

"Public agency" means the State of Oklahoma and any county, city, public trust or other public entity specifically created by the statutes of the State of Oklahoma or as a result of statutory authorization contained therein.

Amendment history

Added by Laws 1993, c. 275, § 15, eff. July 1, 1993. Amended by Laws 2015, c. 254, § 8, eff. Nov. 1, 2015.

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