HB3210 Summary

• Imposes an additional excise tax of $1.50 per pack of cigarettes on the sale, use, gift, possession, or consumption of cigarettes in Oklahoma.

• Routes all revenue from the new cigarette tax to the Healthcare Revolving Fund, except for payments in lieu of excise taxes from federally recognized Indian tribes (after trust account deductions).

• Creates the Healthcare Revolving Fund as a continuing, non-lapsing special fund in the State Treasury to be appropriated by the Legislature and expended by eligible agencies for activities matching federal Medicaid dollars or mental health safety net services, with priority towards stabilizing reimbursement rates.

• Prohibits the Oklahoma Tax Commission from selling cigarette excise tax stamps to wholesalers in excess of their monthly average purchases from the preceding calendar year, unless the wholesaler provides documentation of probable increased sales.

• Effective date: September 1, 2016.