Section 707.2 - Excise tax on special fuel - Levy - Exemptions - Disposition of revenuesA. There is hereby levied an excise tax of one cent ($0.01) upon the use within this state of each and every gallon of special fuel, which shall be reported and collected in the same manner as provided by law for the reporting and collecting of all other tax levies upon the use of special fuel within this state.B. The tax levied by this section shall not apply to special fuel which is exempt from tax pursuant to the provisions of Section 708 of this title.C. The excise tax of one cent ($0.01) per gallon of special fuel levied by this section, together with any interest and penalties thereon, collected by the Tax Commission shall be apportioned as set forth in paragraph 5 of subsection A and subsection C of Section 500.6 of this title.Okla. Stat. tit. 68, § 707.2
Added by Laws 1985, HB 1219, c. 179, § 84, emerg. eff. 7/1/1985; Amended by Laws 1985, SB 55, c. 351, § 18, emerg. eff. 7/31/1985; Amended by Laws 1987, HB 1061, c. 113, § 15, emerg. eff. 5/18/1987; Amended by Laws 1995, HB 1450, c. 114, § 5, emerg. eff. 7/1/1995; Amended by Laws 1996, HB 2584, c. 205, § 6, emerg. eff. 7/1/1996; Amended by Laws 1997, HB 2038, c. 284, § 15, emerg. eff. 7/1/1997.