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OK HB1719
Bill
Status
2/2/2015
Primary Sponsor
Doug Cox
Click for details
AI Summary
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Imposes an additional excise tax of $1.00 per pack of cigarettes sold at retail, in addition to existing cigarette taxes under Oklahoma law.
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Imposes an additional excise tax on tobacco products equal to 100% of the total existing excise tax levies on tobacco products.
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Directs all revenue derived from both the cigarette and tobacco product excise taxes to be apportioned for the benefit of common schools.
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Effective date is July 1, 2015, with an emergency clause allowing the act to take effect immediately upon passage and approval.
Legislative Description
Revenue and taxation; cigarettes; tobacco products; excise taxes; apportionment; effective date; emergency.
Revenue and Taxation
Last Action
Referred to Joint Committee on Appropriations and Budget
2/24/2015