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OK SB1092
Bill
Status
2/1/2016
Primary Sponsor
Roger Thompson
Click for details
AI Summary
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Caps tobacco tax revenue apportionments to certain health and education funds at fiscal year 2013 levels, beginning July 1, 2016
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Affected funds include the Health Employee and Economy Improvement Act Revolving Fund, Oklahoma Health Care Authority Medicaid Program Fund, Department of Mental Health and Substance Abuse Services Revolving Fund, Tobacco Prevention and Cessation Revolving Fund, and municipal/county sales tax allocations
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Directs any tobacco tax revenue exceeding the FY2013 caps to the General Revenue Fund instead of the designated program funds
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Applies to both direct tobacco product tax revenue and payments in lieu of excise taxes from tribal compacts
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Updates statutory references for the Trauma Care Assistance Revolving Fund and Education Reform Revolving Fund
Legislative Description
Tobacco products tax; limiting amounts apportioned after certain date; providing for deposit of funds in excess of limit. Effective date. Emergency.
Last Action
coauthored by Mazzei
2/29/2016