HB2109 Summary

• Orders a legislative referendum to increase the Oklahoma sales tax by one percent (1.0%) effective January 1, 2016, subject to voter approval at the next general election.

• Creates the Healthcare Oklahoma Plan Revolving Fund within the Oklahoma Insurance Department to receive all revenue from the additional sales tax increment for subsidizing catastrophic health insurance costs for legal residents.

• Amends sales tax code sections to direct revenues from the new one percent sales tax increment to the Healthcare Oklahoma Plan Revolving Fund rather than the General Revenue Fund.

• Applies the one percent additional sales tax increment to all sales currently subject to the existing 4.5% Oklahoma sales tax, including both in-state and out-of-state vendor transactions.

• Requires the House Chief Clerk to file the bill with the Oklahoma Secretary of State and Attorney General immediately upon passage, including the ballot title for voter consideration.