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.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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