Bill > HB2742

This bill amends Oklahoma's revenue and taxation laws related to cigarettes, specifically updating definitions and tax provisions for cigarettes and heated tobacco products. The bill modifies the definition of "cigarette" to explicitly include products intended to be heated or burned, and expands the definitions of various terms like "wholesaler," "retailer," and "delivery sale" in the state's tax code. It introduces a significant new provision that creates a 50% tax exemption for cigarettes intended to be heated rather than burned, which appears to target heated tobacco products like e-cigarettes or similar devices. The bill also requires the Oklahoma Tax Commission to develop distinct tax stamps for heated tobacco products and make these stamps available by the act's effective date. Additionally, the bill maintains existing exemptions for cigarette sales to specific entities like veterans hospitals, the United States government, and federally recognized Native American tribes. The changes will take effect on November 1, 2025, giving stakeholders and tax authorities time to prepare for the new regulations and tax treatment of heated tobacco products.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2742&Session=2600