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Additional excise tax on gross receipts for funding City sports facilities.

Oklahoma City Municipal Code § 52-23.3
in effect
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§ 52-23.3. - Additional excise tax on gross receipts for funding City sports facilities. (a) In addition to and cumulative of the excise tax of two percent levied by Section 52-20 of this chapter upon the gross proceeds or gross receipts derived from all sales taxable under the sales tax laws of this state, the excise tax of three-fourths percent levied by Section 52-21 of this chapter upon the gross proceeds or gross receipts derived from all sales taxable under the sales tax laws of this state, and the excise tax of one-eighth percent levied by Section 52-22 of this chapter upon the gross proceeds or gross receipts derived from all sales taxable under the sales tax laws of this state, a limited-term excise tax in the additional amount of one percent is hereby levied upon the gross proceeds or gross receipts derived from all sales taxable under the sales tax laws of this state, including but not limited to the specific taxable sales and service transactions enumerated in Paragraphs (1) through (11), inclusive, of Subsection (a) of Section 52-20 of this chapter. (b) The additional limited-term excise tax levied pursuant to Subsection 52-23.3(a) above may be expended only for the limited purpose of providing or improving City sports facilities, which may include without limitation the funding of improvements to the Ford Center; the funding of a basketball training facility, provided, the basketball training facility shall not be funded with this excise tax unless, prior to June 1, 2009, a National Basketball Association (NBA) team has executed a lease or other contract to locate in or relocate to the City; the funding of incidental or related real or personal property acquisition costs, real property interest acquisition costs, administrative costs, architectural costs, engineering costs, consulting costs, demolition costs, and legal costs; the funding of any or all other item(s), article(s), cost(s) or expense(s) incidental or related in any way to providing or improving City sports facilities; the funding of reimbursements or paybacks for expenditures made by a public trust with the City as a beneficiary for the purpose of providing or improving City sports facilities; and if deemed necessary or appropriate by City Council for cash-flow purposes, the payment of principal and interest on and the costs of issuance of bonds, notes, lines-of-credit, or other evidences of indebtedness issued by a public trust with the City as its beneficiary for the purpose of providing or improving City sports facilities. (c) The expenditures for providing or improving City sports facilities authorized under Subsection (b) of this section may be commenced, continued, completed, or concluded, in whole or in part, as and in the order deemed appropriate by the City Council. (d) Pursuant to authority of 68 O.S. § 2701(B), there is hereby created a limited-purpose fund to be known as the "Oklahoma City Sports Facilities Sales Tax Fund" (hereinafter the "Fund") into which all revenues collected pursuant to Subsection 52-23.3(a) above shall be deposited. Money in the Fund shall be accumulated from year-to-year. The Fund shall be placed in an insured interest-bearing account and the interest which accumulates on the Fund shall be retained in the Fund. The Fund shall be non-fiscal and shall not be considered in computing any levy when the City makes its estimate to the excise board for needed appropriations. Money in the Fund shall be expended only as accumulated and only for the limited-purpose specified in Subsection 52-23.3(b) above. (e) The additional excise tax levied pursuant to Subsection 52-23.3(a) above shall be for a limited term commencing at 12:00 a.m. on January 1, 2009, and ending as follows: (1) if the basketball training facility referenced in Subsection 52-23.3 (b) of this section will be funded with this excise tax, then the excise tax shall end 15 months after commencement of the tax and, specifically, said tax shall end at 12:00 a.m. on April 1, 2010; or in the alternative, (2) if the basketball training facility referenced in Subsection 52-23.3 (b) of this section will not be funded with this excise tax, then the excise tax shall end 12 months after commencement of the tax and, specifically, at 12:00 a.m. on January 1, 2010. By not later than June 1, 2009, the City Council shall by Resolution expressly declare whether or not the basketball training facility referenced in Subsection 52-23.3(b) of this section will be funded with this excise tax, with notice of the corresponding ending date for this excise tax to thereafter be given in writing to the Oklahoma Tax Commission by the City Clerk. (Ord. No. 23520, § 1, 1-2-08)
Source: City of Oklahoma City, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ok/oklahoma_city/codes/code_of_ordinances?nodeId=OKMUCO2020_CH52TA_ARTIISATACO_S52-23.3ADEXTAGRREFUSPFAFetched: 10/28/2026

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