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OK HB2373

Bill

Official Source

Status

Introduced

4/20/2017

Primary Sponsor

Leslie Osborn

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Imposes an additional tax on little cigars weighing not more than 3 pounds per thousand at 15.5 mills per cigar
  • Imposes an additional tax on cigars weighing more than 3 pounds per thousand at $50.00 per thousand
  • Exempts little cigars from the new tax if the tax is already reported and paid as cigarette tax under existing law
  • Classifies cheroots and stogies as cigars for tax computation purposes
  • Directs the Oklahoma Tax Commission to apportion revenues to the State Treasurer for deposit in the General Revenue Fund

Legislative Description

Tobacco products taxes; additional tax levy for little cigars and cigars; rates of tax; apportioning revenues.

Last Action

JCR; Do pass, amended by committee substitute Joint Committee on Appropriations and Budget

5/8/2017

Committee Referrals

Appropriations and Budget4/24/2017

Full Bill Text

No bill text available