§11-49-119. Tax on insurance premiums for benefit of fund -
111 words·~1 min read·
/ok/title-11-cities-and-towns/11-49-119·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Appropriations.
There is hereby appropriated and set aside for the use and benefit of the Fund, a percentage on all taxes collected on premiums collected by all insurance companies and other entities which are subject to the premium tax levied pursuant to Section 624 of Title 36 of the Oklahoma Statutes, after all returned premiums and other credits are deducted as provided by Sections 312.1 and 624 through 626 of Title 36 of the Oklahoma Statutes. In addition, the State of Oklahoma shall make such appropriation as is necessary to assure the retirement benefits provided by this article. Amended by Laws 1988, c. 83, § 1, emerg. eff. March 25, 1988.