There is specifically exempted from the tax levied by this subchapter, the gross receipts or gross proceeds exempted from the Oklahoma Sales Tax Code, being 68 O.S. §§ 1301 et seq., inclusive, but not exclusive of, and derived from the:
(A) Sale of gasoline or motor fuel on which the motor fuel tax, gasoline excise tax, or special fuels tax levied by state law has been paid;
(B) Sale of motor vehicles or any optional equipment or accessories attached to motor vehicles on which the Oklahoma Motor Vehicle Excise Tax, being 68 O.S. §§ 2101 et seq., levied by state law has been paid;
(C) Sale of crude petroleum or natural or casinghead gas and other products subject to gross production tax under state law. This exemption shall not apply when such products are sold to consumers or users for consumption or use, except when used for injection into the earth for the purpose of promoting or facilitating the production of oil or gas. This division shall not operate to increase or repeal the gross production tax levied by the laws of this state;
(D) Sale of aircraft on which the tax levied pursuant to the provisions of 68 O.S. §§ 6001 to 6004 has been or will be paid;
(E) Sales from coin-operated devices on which the fee imposed by 68 O.S. §§ 1501 through 1512 have been paid; and
(F) Leases of 24 months or more of motor vehicles in which the owners of the vehicles have paid the vehicle excise tax levied by 68 O.S. § 2103. Any such lease exempt from the tax herein which is terminated prior to the termination of the original term shall be subject to the tax levied herein in an amount equal to the amount of tax which would have been due without the exemption, plus a penalty as provided by state law; provided, however, the penalty provision of this division (F) shall not apply if the original lessee acquires title to and the leased vehicle within the original term of the lease.
(Prior Code, § 37.033)