OK HB1818

Establishes a 10% cumulative sales tax cap for counties, cities, and towns effective January 1, 2015, requiring 60% voter approval to exceed this limit at a general or special election.

Amends multiple sections of Oklahoma sales tax law (68 O.S. Sections 1370, 1370.1, 1370.2, 1370.2A, 1370.4, 1370.5, 1370.6, 1370.8, and 2705) to incorporate the 10% cap limitation.

Applies the sales tax limitation to county levies for general purposes, jail facilities, aircraft maintenance facilities, manufacturing facilities, federal government facility leases, economic development, public improvements, and hospital authorities.

Allows existing authorized sales tax purposes and elections to proceed under current law, but subjects them to the new 10% cumulative limitation.

Effective date: November 1, 2015.