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HB 2775 - Amends Oil and Gas Sales Taxes - Oklahoma Key Vote

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Title: Amends Oil and Gas Sales Taxes

Vote Smart's Synopsis:

A vote to pass a bill that amends the sales tax on gas and oil.

Highlights:

 

  • Specifies that when proceeds are not paid because a title is not marketable, such proceeds shall earn the prime interest rate as reported in the Wall Street Journal (Sec. 1).

  • Specifies that the interest rate is applicable until the title to such interest becomes marketable or the holder has received an affidavit of death and heirship (Sec. 1). 

Full Bill Text

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