HB 2176
State revenue administration; medical marijuana taxation; procedures; effective date.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill makes changes to how Oklahoma collects taxes on medical marijuana sales. Specifically, it clarifies the process for the Oklahoma Tax Commission to assess and collect the 7% tax, and it modifies the arrangement for retaining a fee by the Oklahoma Medical Marijuana Authority for assisting with collection. The bill also outlines how tax revenue will be distributed between various state funds, including public school construction, the Oklahoma Medical Marijuana Authority, and drug and alcohol rehabilitation programs. It establishes an enforcement mechanism for businesses failing to remit taxes.
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