Bill > HB2176

This bill modifies the administrative procedures for collecting and managing the seven percent medical marijuana tax in Oklahoma. Currently, the Oklahoma Tax Commission assesses and collects this tax on retail medical marijuana sales, and the bill changes how the commission's collection fee is handled. Instead of charging the Oklahoma Medical Marijuana Authority a fee, the Tax Commission will now directly retain 1.5% of the gross collection proceeds, which will be deposited into the Tax Commission Reimbursement Fund. The bill also updates language in the Medical Marijuana Tax Fund provisions to reflect this change, ensuring that tax proceeds are deposited into the fund after the commission's collection fee is retained. The modifications clarify the tax collection process and provide a mechanism for the Tax Commission to be compensated for its administrative services. The bill will become effective on November 1, 2025, giving stakeholders ample time to prepare for the new administrative approach. These changes aim to streamline the medical marijuana tax collection process and ensure proper compensation for the Tax Commission's role in administering the tax.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2176&Session=2600