HB3314

Oklahoma HB3314 allows counties to impose a public service impact tax on marijuana sales, with voter approval required.

Oklahoma HB3314 authorizes counties to levy a public service impact tax on marijuana sales, with proceeds used for county sheriffs, police, fire departments, and property improvements. The tax requires voter approval through a special election or initiative petition. The Oklahoma Tax Commission can assist in administering the tax, charging a fee of 0.5% of gross collection proceeds. Initiative petitions must comply with state statutes. The tax duration and rate changes must be specified and communicated to taxpayers.