Bill > HB3314

This bill allows counties in Oklahoma to impose a "public service impact tax" on the retail sale of marijuana sold by for-profit businesses, with an exemption for marijuana grown and not sold by individuals on their private property. Before this tax can be implemented, it must be approved by a majority of voters in a special election, which can be initiated by the county commissioners or by a petition signed by at least five percent of registered voters. If voters reject the tax, another special election on the same proposal cannot be held for six months. The tax, which can be up to 15%, would take effect on the first day of a calendar quarter following voter approval, and its proceeds must be designated for specific purposes like supporting sheriff's offices, police and fire departments, or improving dilapidated properties. The duration of the tax can be limited or unlimited, as determined by voters. The Oklahoma Tax Commission is required to notify taxpayers of rate changes at least 60 days in advance, and counties can contract with the Tax Commission to administer, collect, and enforce the tax, with the Tax Commission charging a fee of one-half of one percent of the collected amount for this service. The bill also outlines procedures for initiative petitions, requiring them to comply with existing statutes, be approved for form before circulation, and be submitted for verification within 90 days of signature gathering, with the election to be held within 60 days of the county commissioners receiving the verified petition. This act is set to become effective on November 1, 2026.

Government Affairs

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3314&Session=2600