{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-5157","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-5157","heading":"Exemption from taxation and assessments","body":"The exercise of the powers granted by this act will be for the\n\nbenefit of the people of the state and shall be liberally construed\n\nto effect the purposes thereof. As the performance of public\n\nservices will constitute the performance of essential government\n\nfunctions, any project or part thereof owned by the state and used\n\nfor performing any public service pursuant to a contract entered\n\ninto under this act that would be exempt from taxation or\n\nassessments in the absence of such contract shall remain exempt from\n\ntaxation and assessments levied by the state and its subdivisions to\n\nthe same extent as if not subject to that contract. The gross\n\nreceipts and income of a successful proposer derived from providing\n\npublic services under a contract through a project owned by the\n\nstate shall be exempt from taxation levied by the state and its\n\nsubdivisions. Any transfer or lease between a proposer and the\n\nstate of a project or part thereof, or item included or to be\n\nincluded in the project, shall be exempt from any taxes levied if\n\nthe state is retaining ownership of the project or part thereof that\n\nis being transferred or leased.","path":["OK Code","Title 74"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os74.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"007ee02ade96907da49271a7330beade3a497025c8944dbb17c499225f7f2caf","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-5156","next":"us-ok/okla.-stat.-tit.-74-74-5158"},"notice":"GroundRules: Original legal text. Not legal advice."}