HB 1775 Summary

• Authorizes Oklahoma counties to levy a severance tax up to $0.15 per ton on rock, gravel, granite, sand, limestone, and other aggregates mined for profit, subject to voter approval at a special election or through initiative petition requiring 5% of registered voters.

• Exempts aggregates extracted by individuals from their own property not sold for profit and limestone extracted for agricultural purposes from the severance tax.

• Requires severance tax proceeds be deposited in the county general fund and used only for construction or improvement of roads and bridges, excluding employee salaries and compensation.

• Provides a sales tax credit against the severance tax for materials where county sales tax was charged and collected, and requires 50% of revenue from mining within municipal incorporated areas be apportioned to the municipality's general fund.

• Establishes a 6-month waiting period between failed elections, allows the Oklahoma Tax Commission to collect and enforce the tax for a fee of 0.5% of gross collection proceeds, and prohibits counties from imposing additional fees or charges for mining privileges.