Bill > SB1125

This bill authorizes both counties and municipalities in Oklahoma to levy an excise tax on medical marijuana sales, subject to voter approval through a special election. The tax can only be implemented if a majority of registered voters in the jurisdiction approve it, and if voters reject the tax, the governing body must wait six months before calling another election. Initiative petitions to propose such a tax must follow specific legal procedures, including obtaining signatures from at least 5% of registered voters and submitting the petition to the city or county clerk. The bill requires that the purpose of the tax be clearly stated, and the duration of the tax (either limited or unlimited) must be disclosed to voters. Municipalities can use the tax revenue for any lawful purpose to protect and promote citizens' life, liberty, and property, while counties must designate the tax for a specific purpose and create a revolving fund for the collected revenues. Importantly, the bill includes a provision that if recreational marijuana is legalized in Oklahoma, these tax provisions will automatically apply to recreational marijuana sales at the same rates and conditions. The act is set to become effective on November 1, 2025, giving local governments time to prepare for potential implementation.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1125&Session=2600