Bill > SB680

This bill modifies Oklahoma's tobacco taxation laws by expanding the definition of "cigarette" to explicitly include products intended to be heated rather than burned (such as heated tobacco products), and provides a 50% tax exemption for these heated tobacco products. The bill amends existing statutes to update language, clarify definitions, and create specific provisions for these new tobacco products. Key changes include updating terminology from "the State of Oklahoma" to "this state" for consistency, modifying exemptions for cigarette sales to veterans' hospitals, federal entities, and Native American tribes, and requiring the Oklahoma Tax Commission to create rules for implementing these changes. The bill also instructs the Tax Commission to ensure that tax stamps are available for heated tobacco products by the effective date of the legislation, which is set for November 1, 2025. This modification reflects the growing market for alternative tobacco products like heated tobacco, which are designed to be heated and inhaled rather than traditionally burned, and provides a partial tax incentive for these products.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb680&Session=2600