Bill
Bill > HB2062
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/03/2023
04/03/2023
Crossed Over
03/22/2023
03/22/2023
Passed
05/10/2023
05/10/2023
Dead
Signed/Enacted/Adopted
05/11/2023
05/11/2023
Introduced Session
2023 Regular Session
Bill Summary
An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 500.22, which relates to motor fuel taxation; modifying provisions related to remittance of tax; and providing an effective date. SUBJECT: Revenue and taxation
AI Summary
This bill amends the existing law on motor fuel taxation in Oklahoma. It modifies the provisions related to the remittance of the motor fuel tax by suppliers and bonded importers. Specifically, it extends the period during which eligible purchasers can remit 98.4% of the tax for gasoline and 98.1% of the tax for diesel fuel from July 1, 2024 to July 1, 2029. After that, the remittance will be 100% for both types of fuel. The bill also provides an effective date of November 1, 2023.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Approved by Governor 05/11/2023 (on 05/11/2023)
Official Document
bill text
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bill summary
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bill summary
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