Oklahoma SB1390 modifies the apportionment of gross production tax collections for oil, natural gas, and certain minerals, effective July 1, 2026.
Oklahoma SB1390 amends the apportionment of gross production tax collections for oil, natural gas, and certain minerals. For oil, 12.5% is allocated to county highway funds, 7.14% to county treasurers, and 25.72% to the Higher Education Capital Revolving Fund. For natural gas and casinghead gas, 50% is allocated to county highway funds, 7.14% to county treasurers, and 25.72% to the Common Education Technology Revolving Fund.
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