Oklahoma Statutes
§ 82-1274 — Exemption from taxes and assessments.
Oklahoma·Title 82 Waters And Water Rights
Districts formed hereunder shall be exempt from all excise taxes of whatsoever kind or nature, and further, shall be exempt from payment of assessments in any general or special taxing district levied upon the property of the district, whether real, personal or mixed. Any and all obligations, securities and evidences of indebtedness issued by a district formed pursuant to this act shall be exempt from all inheritance or death taxes, and the income interest and capital gains thereon shall not be subject to the income tax laws of this state. Persons owning or holding the obligations, securities and evidences of indebtedness or their heirs, devisees, successors or assigns shall not be required to pay to the State of Oklahoma income tax upon the profits and capital gains upon the obligations,
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Legislative History
Added by Laws 1972, c. 249, § 9. Amended by Laws 1985, c. 353, § 5, eff. July 30, 1985.
Nearby Sections
15
§ 82-1020.1
Definitions.§ 82-1020.10
Temporary or special permits - Limited quantity§ 82-1020.11
Types of permits - Fees.§ 82-1020.11a
Repealed§ 82-1020.12
Report of water used.§ 82-1020.13
Surrender of permits.§ 82-1020.14
Prior use of groundwater.§ 82-1020.15
Waste prohibited - Enforcement.§ 82-1020.17
Spacing rules.§ 82-1020.18
Location exceptions.§ 82-1020.19
Metering of wells.§ 82-1020.2
Declaration of policy - Applicability.§ 82-1020.20
Unitizing and communitizing of land for water§ 82-1020.21
Wells within municipalities.