OK HB1748

Increases the excise tax on low-point beer (0.5% to 3.2% alcohol by weight) from $11.25 to $46.35 per barrel to compensate for exempting low-point beer from sales tax.

Apportions the increased tax revenue: $11.25 per barrel to the General Revenue Fund, and $35.10 per barrel to state, municipalities, and counties that levy sales tax based on their proportional sales tax receipts.

Exempts low-point beer from the sales tax levied under Title 68 (sales and use tax), creating a new exemption category in the tax code.

Effective date of July 1, 2013, with an emergency clause for immediate implementation upon passage and approval.

Maintains existing exemptions for low-point beer manufactured for export or produced under personal use permits issued by the Alcoholic Beverage Laws Enforcement Commission.