{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1102","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1102","heading":"Excise tax on gas - Additional tax","body":"A. Prior to July 1, 2026, and as provided in Section 1103.1 of\n\nthis title, there is hereby levied, in addition to the gross\n\nproduction tax, an excise tax equal to ninety-five one thousandths\n\nof one percent (.095 of 1%) of the gross value of all natural gas\n\nand/or casinghead gas produced in this state which is subject to\n\ngross production tax in this state. Such excise tax of ninety-five\n\none thousandths of one percent (.095 of 1%) of the gross value shall\n\nbe reported to and collected by the Tax Commission at the same time\n\nand in the same manner as is provided by law for the collection of\n\ngross production tax on natural gas and/or casinghead gas, and this\n\nexcise tax shall apply in all cases where the gross production tax\n\nprovided for by law applies to the production of natural gas and/or\n\ncasinghead gas. The excise tax shall be paid by the purchaser, who\n\nis hereby authorized to deduct in making settlement with the\n\nproducer and/or royalty owner the amount of tax so paid; provided,\n\nhowever, that if such natural gas and/or casinghead gas is retained\n\nby the producer, then the tax shall be paid by the producer, who\n\nshall have the right to deduct the amount of tax so paid on royalty\n\ngas at the time of settlement with the royalty owner.\n\nThe provisions of this subsection shall terminate on June 30,\n\n2026.\n\nB. Beginning on July 1, 2026, there is hereby levied, in\n\naddition to the gross production tax, an excise tax equal to eighty-\n\nfive one thousandths of one percent (.085 of 1%) of the gross value\n\nof all natural gas and/or casinghead gas produced in this state\n\nwhich is subject to gross production tax in this state. Such excise\n\ntax of eighty-five one thousandths of one percent (.085 of 1%) of\n\nthe gross value shall be reported to and collected by the Tax\n\nCommission at the same time and in the same manner as is provided by\n\nlaw for the collection of gross production tax on natural gas and/or\n\ncasinghead gas, and this excise tax shall apply in all cases where\n\nthe gross production tax provided for by law applies to the\n\nproduction of natural gas and/or casinghead gas. The excise tax\n\nshall be paid by the purchaser, who is hereby authorized to deduct\n\nin making settlement with the producer and/or royalty owner the\n\namount of tax so paid; provided, however, that if such natural gas\n\nand/or casinghead gas is retained by the producer, then the tax\n\nshall be paid by the producer, who shall have the right to deduct\n\nthe amount of tax so paid on royalty gas at the time of settlement\n\nwith the royalty owner.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7cbcbee9b41a406a37c31dba553316291819f63316bc500dd84639665034bea1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1101.1","next":"us-ok/okla.-stat.-tit.-68-68-1103"},"notice":"GroundRules: Original legal text. Not legal advice."}