§68-1102.

§68-1102.
   
   A. Prior to July 1, 2001 and as provided in Section 1103.1 of this
   title, there is hereby levied, in addition to the gross production
   tax, an excise tax equal to ninety-five one thousandths of one percent
   (.095 of 1%) of the gross value of all natural gas and/or casinghead
   gas produced in the State of Oklahoma which is subject to gross
   production tax in the State of Oklahoma. Such excise tax of
   ninety-five one thousandths of one percent (.095 of 1%) of the gross
   value shall be reported to and collected by the Tax Commission at the
   same time and in the same manner as is provided by law for the
   collection of gross production tax on natural gas and/or casinghead
   gas, and this excise tax shall apply in all cases where the gross
   production tax provided for by law applies to the production of
   natural gas and/or casinghead gas. The excise tax shall be paid by the
   purchaser, who is hereby authorized to deduct in making settlement
   with the producer and/or royalty owner the amount of tax so paid,
   provided, however, that if such natural gas and/or casinghead gas is
   retained by the producer, then the tax shall be paid by the producer,
   who shall have the right to deduct the amount of tax so paid on
   royalty gas at the time of settlement with the royalty owner.
   
   The provisions of this subsection shall terminate on June 30, 2001.
   
   B. Beginning on July 1, 2001, there is hereby levied, in addition to
   the gross production tax, an excise tax equal to eighty-five one
   thousandths of one percent (.085 of 1%) of the gross value of all
   natural gas and/or casinghead gas produced in the State of Oklahoma
   which is subject to gross production tax in the State of Oklahoma.
   Such excise tax of eighty-five one thousandths of one percent (.085 of
   1%) of the gross value shall be reported to and collected by the Tax
   Commission at the same time and in the same manner as is provided by
   law for the collection of gross production tax on natural gas and/or
   casinghead gas, and this excise tax shall apply in all cases where the
   gross production tax provided for by law applies to the production of
   natural gas and/or casinghead gas. The excise tax shall be paid by the
   purchaser, who is hereby authorized to deduct in making settlement
   with the producer and/or royalty owner the amount of tax so paid,
   provided, however, that if such natural gas and/or casinghead gas is
   retained by the producer, then the tax shall be paid by the producer,
   who shall have the right to deduct the amount of tax so paid on
   royalty gas at the time of settlement with the royalty owner.