Excise tax on gross receipts for funding City capital improvements.
Oklahoma City Municipal Code § 52-23.4
in effect§ 52-23.4. - Excise tax on gross receipts for funding City capital improvements.
(a) A limited-term excise tax in the 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 limited-term excise tax levied pursuant to Subsection 52-23.4(a) above may be expended only for the limited purpose of providing City capital improvements.
(c) For purposes of this section, the term "City capital improvement" shall mean without limitation any one or more of the following:
(1) The acquisition of real or personal properties or any interests therein or appurtenances thereto; and/or
(2) The construction, reconstruction, demolition, installation, assembly, renovation, repairing, remodeling, restoring, furbishing, refurbishing, furnishing, refurnishing, equipping, reequipping, or maintenance of City buildings, structures, fixtures, or personal properties or on any City real properties or interests therein or appurtenances thereto; and/or
(3) Any other type of beneficial or valuable change or addition, betterment, enhancement, or amelioration of or upon any real property, or any interest therein or appurtenances thereto, belonging to the City, intended to enhance its value, beauty, or utility or to adapt it to new or further purposes.
(d) Expenditures to provide City capital improvements under this section may include expenditures for any or all item(s), article(s), cost(s), or expense(s) related in any way to providing a City capital improvement, including without limitation the following:
(1) Payment of the costs of acquiring real or personal properties or interests therein and appurtenances thereto;
(2) Payment of the costs of construction, reconstruction, demolition, installation, assembly, renovation, repairing, remodeling, restoring, furbishing, refurbishing, furnishing, refurnishing, equipping, reequipping, and maintenance;
(3) Payment of architectural costs, engineering costs, or consulting costs;
(4) Payment of project management costs, administrative costs, and legal costs;
(5) Payment of any other items, articles, costs or expenses related, incidental, or ancillary in any way to providing a City capital improvement;
(6) Reimbursements or paybacks for expenditures made by a public trust with the City as its beneficiary for the purpose of providing a City capital improvement; and/or
(7) If deemed necessary or appropriate by the City Council for cash-flow purposes, for 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 a City capital improvement.
(e) Pursuant to authority of 68 O.S. § 2701(B), there is hereby created a limited-purpose fund to be known as the "Oklahoma City Capital Improvements Sales Tax Fund" (hereinafter the "Fund") into which all revenues collected pursuant to Subsection 52-23.4(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 that 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 52-23.4(b) above.
(f) The excise tax levied pursuant to Subsection 52-23.4(a) above shall be for a limited term of seven years and nine months, beginning at 12:00 a.m. on April 1, 2010, and ending at 12:00 a.m. on January 1, 2018.
(g) For the purpose of advising the City Council regarding projects proposed for funding from the excise tax levied by this section, the City Council shall by resolution establish a Citizens Capital Improvements Sales Tax Advisory Board. The Board's function shall be to review any such proposed project and submit recommendations to the City Council regarding the project.
(h) As used in Subsections (b), (c), and (d) of this section, the term "City" shall mean The City of Oklahoma City, Oklahoma, a municipal corporation, and/or any public trust with the City as its beneficiary.
(i) The limited-term excise tax levied pursuant to this Section 52-23.4 shall be cumulative to 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, cumulative to the excise tax of ¾ 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 cumulative to the excise tax of ⅛ 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.
(Ord. No. 23942, § 1, 9-29-09, eff. 4-1-2010)
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_S52-23.4EXTAGRREFUCAIMFetched: 10/28/2026