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OK SB1054
Bill
AI Summary
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Amends Oklahoma's diesel fuel tax apportionment law (68 O.S. 2011, Section 500.7) to cap distributions from the $0.13 per gallon diesel fuel tax at fiscal year 2013 levels
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Any diesel fuel tax revenue exceeding the FY 2013 apportionment amounts would be redirected to the General Revenue Fund instead of transportation-related funds
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Maintains existing distribution structure including allocations to the State Transportation Fund (64.34%), counties (26.58%), High Priority State Bridge Revolving Fund (1.39%), and other transportation programs
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Effective date of July 1, 2016, with an emergency clause for immediate implementation upon passage
Legislative Description
Diesel fuel tax; modifying apportionment and providing for distribution of certain excess revenue. Effective date.
Last Action
coauthored by Mazzei
2/29/2016