§ 302-7. Additional tax on cigarettes--Rates--Apportionment of revenue
Oklahoma Statutes AnnotatedTitle 68. Revenue and TaxationEffective: June 28, 2018
Effective: June 28, 2018
68 Okl.St.Ann. § 302-7
§ 302-7. Additional tax on cigarettes--Rates--Apportionment of revenue
A. For the purpose of providing revenue for the support of the functions of state government, in addition to the tax levied in Sections 302, 302-1, 302-2, 302-3, 302-4 and 302-5 of Title 68 of the Oklahoma Statutes, there is hereby levied upon the sale, use, gift, possession or consumption of cigarettes, as defined in Sections 301 through 325 of Title 68 of the Oklahoma Statutes, within this state, a tax at the rate of fifty (50) mills per cigarette.
2. The net amount of any revenue resulting from a payment in lieu of excise taxes on cigarettes levied by this section, which net amount shall be calculated after deductions for rebates owed pursuant to a compact with a federally recognized Indian tribe or nation, shall be apportioned as provided in paragraph 3 of this subsection.
b. Beginning July 1, 2019, the resulting revenues as described by paragraphs 1 and 2 of this subsection shall be apportioned by the Oklahoma Tax Commission and transmitted to the State Treasurer, who shall deposit such revenue to the credit of the State Health Care Enhancement Fund, created in Enrolled House Bill No. 1016 of the 2nd Extraordinary Session of the 56th Oklahoma Legislature.1
Credits
Laws 2018, 2nd Ex.Sess., c. 8, § 2, eff. June 28, 2018.
Footnotes
O.S.L. 2018, 2nd Ex.Sess., c. 12, effective July 1, 2019.
68 Okl. St. Ann. § 302-7, OK ST T. 68 § 302-7
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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