Loading chat...
OK HB1876
Bill
Status
Introduced
2/4/2013
Primary Sponsor
Charles McCall
Click for details
AI Summary
- Counties may levy a severance tax of up to 7% on the gross value of rock, gravel, sand, gypsum, and other natural materials mined for aggregate production within county limits
- Tax must be approved by majority vote in a special election called by county commissioners or through initiative petition signed by at least 5% of registered voters; failed tax proposals cannot be re-submitted for 6 months
- Tax proceeds must be deposited in the county highway fund and used for infrastructure purposes including roads, bridges, water systems, waste water systems, and emergency service equipment such as fire trucks and ambulances
- Materials sold within the county where sales tax was collected are exempt from the severance tax; materials sold to tax-exempt entities without sales tax are subject to the severance tax
- Oklahoma Tax Commission may contract with counties to assess, collect, and enforce the tax for a 1% fee of gross collection proceeds; initiative petitions must comply with Title 34 procedures and elections must be held within 60 days of petition receipt
Legislative Description
Revenue and taxation; county severance taxes; procedures; effective date.
Revenue and Taxation
Last Action
Second Reading referred to Appropriations and Budget
2/5/2013
Committee Referrals
Appropriations and Budget2/5/2013
Full Bill Text
No bill text available