Okla. Stat. tit. 68, § 68-2355.1P-3: Purpose - Apportionment

A. It is hereby declared to be the purpose of the Pass-Through

Entity Tax Equity Act of 2019 to establish a revenue-neutral

mechanism to provide a more fair and simplified taxation of pass-

through entities and their members in this state while maintaining

revenue levels for support of general governmental functions of the

State of Oklahoma.

B. All monies collected pursuant to the provisions of

subsection A of Section 2358 of Title 68 of the Oklahoma Statutes

shall be apportioned in the same manner as provided in paragraph 1

of Section 2352 of Title 68 of the Oklahoma Statutes if the tax is

computed based upon a distribution made to one or more individuals,

trusts and estates and shall be apportioned in the same manner as

provided in paragraph 2 of Section 2352 of Title 68 of the Oklahoma

Statutes if the tax is computed based upon a distribution to a

corporation or to a pass-through entity as such term is defined in

Section 2 of this act.