OK SB1336

Amends 17 O.S. 2011, Section 354 regarding the assessment on motor fuel sales in Oklahoma.

Extends the termination date for the Petroleum Storage Tank Indemnity Fund maintenance level requirement from December 31, 2012 to December 31, 2022.

Maintains the existing one cent ($0.01) per gallon assessment on motor fuel sales to fund multiple state accounts including the Indemnity Fund, Corporation Commission Revolving Fund, and State Transportation Fund.

Allows the Administrator to notify the Tax Commission when the Indemnity Fund falls below required maintenance levels, triggering a three-month collection period where previously exempt motor fuels (school buses, government vehicles, agricultural fuel, aircraft fuel) become subject to the assessment.