Oklahoma Future Products

State:
Multi-State
Control #:
US-TC05082E
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This is a future products rider to the software/services master agreement order form. The vendor agrees to supply the customer with the products named in the rider. If the vendor fails to perform, the customer may seek a monetary penalty spelled out in the rider, and it is the only recourse available to the customer.

How to fill out Future Products?

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FAQ

Sales taxes are the largest tax source for Oklahoma governments, followed by the individual income tax. Together these account for 55 percent of Oklahoma tax revenue.

For financial support of its functions, Oklahoma relies basically on taxes on petroleum, natural gas, gasoline, income, and sales. Property taxes are used largely for the support of county, municipal, and school needs.

The largest industries by revenue in Oklahoma are Oil Drilling & Gas Extraction, Gasoline & Petroleum Wholesaling and Hospitals, which generated $74.0b, $18.0b and $15.2b in 2023.

Tax revenue for the state is currently $11.6 billion for 2019. Sales taxes make up most of the overall tax revenue, almost 40%, at more than $4.6 billion. Personal taxes are the second largest percentage of the state's tax revenue at 34%, almost $4 billion. Business taxes have generated $1.3 billion in revenue.

The Mining, Real Estate and Rental and Leasing and Manufacturing sectors contributed the most to Oklahoma's GDP in 2023, representing a combined 36.5% of state GDP.

Oklahoma is 1st in rye production, 2nd in canola production, 5th in beef production and is home to a vast array of companies ranging from paper and packaging manufacturing to beverage production and fertilizer manufacturing.

Explanation: Energy is one of Oklahoma's key industry sectors, including engineering, manufacturing, production and distribution of oil, gas, and wind energy.

Winter wheat is the most important crop in Oklahoma agriculture. Annually, it occupies over one-half of the cash receipts from crops. Wheat ranks second in value to the cattle and calf industry, an industry which itself depends heavily on wheat for winter pasture.

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Oklahoma Future Products