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OK HB2057
Bill
Status
2/3/2025
Primary Sponsor
Mark Chapman
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AI Summary
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Maintains the 7% tax on retail medical marijuana sales collected at point of sale.
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Modifies tax revenue apportionment beginning July 1, 2026, from the first $65 million collected to: State Public Common School Building Equalization Fund (59.23%), Oklahoma Medical Marijuana Authority (34.62%), State Department of Health for drug and alcohol rehabilitation (5%), and Trauma Care Assistance Revolving Fund (1.15%).
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Reduces the State Department of Health allocation from 6.15% to 5% of the first $65 million in annual collections.
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Routes any surplus tax collections above $65 million annually to the General Revenue Fund of the State Treasury.
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Imposes permanent license revocation and ineligibility for any medical marijuana business licensee that intentionally fails to remit required taxes, affecting all business license types including dispensaries, growers, processors, transporters, research facilities, and waste disposal facilities.
Legislative Description
Trauma Care Assistance Revolving Fund; medical marijuana taxation; apportionment; assess; collect; apportionments; funds; effective date; emergency.
Last Action
Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Health Subcommittee
2/24/2025