OK SB1468

Amends 68 O.S. 2011, Section 1004 to remove language requiring gross production tax apportionment to begin July 1, 2002, which is now obsolete.

Deletes the phrase "Beginning July 1, 2002, the" and replaces it with "The" in the section describing how gross production tax is collected and apportioned.

Maintains all existing apportionment percentages for tax revenues from natural gas, oil, asphalt, and mineral ores across state funds, county funds, and school districts.

Becomes effective November 1, 2012.