{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1370.5","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1370.5","heading":"County sales tax - Levy of tax on gross proceeds or","body":"receipts derived from certain consumer sales and services to fund\n\neconomic development projects.\n\nA. Notwithstanding the provisions of Section 1370 of this title\n\nand in accordance with the provisions of Section 1 of this act, any\n\ncounty of this state with a population of more than three hundred\n\nthousand (300,000) according to the latest Federal Decennial Census\n\nmay levy a sales tax of not to exceed one percent (1%) upon the\n\ngross proceeds or gross receipts derived from all sales or services\n\nin the county upon which a consumer's sales tax is levied by the\n\nstate, except as provided in paragraph 8 of Section 1357 of this\n\ntitle, subject to the following conditions:\n\n1. The proceeds of such sales tax shall be used solely for the\n\npurpose of funding one or more economic development projects;\n\n2. Before a sales tax may be levied by the county, the\n\nimposition of the tax shall first be approved by a majority of the\n\nregistered voters of the county voting thereon at a special election\n\ncalled by resolution of the board of county commissioners;\n\n3. Such sales tax can only be imposed for a period of not to\n\nexceed three (3) years; and\n\n4. Any special election called pursuant to this section must be\n\nheld no later than March 1, 1994.\n\nB. The board of county commissioners shall create a limited-\n\npurpose fund and deposit therein any revenue generated by any sales\n\ntax levied pursuant to the provisions of subsection A of this\n\nsection. The fund shall be placed in an insured or collateralized\n\ninterest-bearing account and the interest which accrues to the fund\n\nshall be retained in the fund. Monies in the limited-purpose fund\n\nshall be expended only as accumulated and only for the purpose\n\nspecifically described in paragraph 1 of subsection A of this\n\nsection.\n\nC. As used in this section, \"economic development project\"\n\nmeans any project which the board of county commissioners determines\n\nwill promote, enhance or improve economic conditions within the\n\ncounty.","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":"5889b0ba50ff79b965e5befa0ff29229a1b25d85dccbe48520187b5cddae7bf1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1370.4","next":"us-ok/okla.-stat.-tit.-68-68-1370.6"},"notice":"GroundRules: Original legal text. Not legal advice."}