us-ok/stat
Okla. Stat. tit. 68, § 707.2
Excise tax on special fuel - Levy - Exemptions - Disposition of revenues
# A.
There is hereby levied an excise tax of one cent ($0.01) upon the use within this state of each and every gallon of special fuel, which shall be reported and collected in the same manner as provided by law for the reporting and collecting of all other tax levies upon the use of special fuel within this state.
# B.
The tax levied by this section shall not apply to special fuel which is exempt from tax pursuant to the provisions of Section 708 of this title.
# C.
The excise tax of one cent ($0.01) per gallon of special fuel levied by this section, together with any interest and penalties thereon, collected by the Tax Commission shall be apportioned as set forth in paragraph 5 of subsection A and subsection C of Section 500.6 of this title.
Amendment history
Added by Laws 1985, c. 179, § 84, operative July 1, 1985. Amended by Laws 1985, c. 351, § 18, emerg. eff. July 31, 1985; Laws 1987, c. 113, § 15, operative May 18, 1987; Laws 1995, c. 114, § 5, eff. July 1, 1995; Laws 1996, c. 205, § 6, eff. July 1, 1996; Laws 1997, c. 284, § 15, eff. July 1, 1997.
Source: view the official text
Nearby sections (25 sections)
- 613 · Discontinuance of operations
- 614 · Interstate carriers - Partial invalidity
- 615 · Tax credit on gasoline or diesel fuel consumed outside state -…
- 616 · Citation
- 701 · Definitions
- 702 · Purpose of act - Collection, report and payment of tax
- 703 · Imposition of tax
- 704 · Apportionment and use of proceeds of tax
- 705 · Additional tax
- 706 · Purpose, apportionment and distribution of tax
- 707 · Determination of tax on mileage basis - Levies by political…
- 707.1 · Additional excise tax on special fuel - Levy - Exemptions -…
- 707.2 · Excise tax on special fuel - Levy - Exemptions - Disposition of…
- 707.3 · Additional excise tax on special fuel - Levy - Exemptions -…
- 708 · Exemptions from tax
- 709 · Special fuel dealers' and users' licenses
- 710 · Reports by dealers and users - Payment of tax
- 711 · Registration of vehicles - Use of liquefied gas from cargo tank
- 712 · Records of dealers and users
- 713 · Unlicensed first time users - Payment of tax - Credit or refund
- 714 · Accrual of liability for tax - Liability of lessees
- 715 · Cessation of use of special fuel
- 716 · Invoices - Record of deliveries
- 717 · Records of purchases, sales, delivery, use or disposition of…
- 718 · Reports by carriers