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OK HB1501
Bill
Status
2/7/2011
Primary Sponsor
Mike Shelton
Click for details
AI Summary
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Amends Oklahoma tax law (68 O.S. 2001, Sections 401 and 402) relating to tobacco products and adds definitions for rolling papers and cigar wraps.
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Establishes a new excise tax on rolling papers at $0.50 per package of 32 papers, or $0.0156 per individual rolling paper for packages with different quantities.
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Apportions rolling paper tax revenue: 40% to Department of Mental Health and Substance Abuse Services, 40% to Oklahoma Bureau of Narcotics and Dangerous Drugs Control, and 20% to Alcoholic Beverage Laws Enforcement Commission.
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Takes effect July 1, 2011, with an emergency clause declaring immediate necessity for preservation of public peace, health, and safety.
Legislative Description
Revenue and taxation; creating tax on rolling papers; effective date; emergency.
Revenue and Taxation
Last Action
Second Reading referred to Appropriations and Budget
2/8/2011