Okla. Stat. tit. 68, § 68-1803: Tax levied - Rate - Payment monthly - In lieu of other

taxes.

There is hereby levied on each Cooperative an annual tax which

shall equal two percent (2%) of the gross receipts derived by it

from the sale and distribution of electric energy during the

calendar year. The tax hereby levied shall be payable monthly

according to, and as and when the statements shall be made as

required in Section 2 of this act. The tax so levied or so imposed

shall, when paid as herein provided, be in full and in lieu of any

and all other taxes imposed by the state, counties, cities, towns,

townships, school district, and other municipalities or political

subdivisions of the state on the property of each such cooperative.