Oklahoma HB4456 establishes an excise tax on e-liquids, defines terms, and allocates revenue.
Oklahoma HB4456 creates the Vapor Products Tax Code, imposing a 30% excise tax on the wholesale cost of e-liquids. The tax is levied on manufacturers, distributors, and retailers. Revenue from the tax is split between the General Revenue Fund and the Vapor Products Regulation Revolving Fund. The bill mandates that invoices for e-liquid transactions be retained for three years and made available for inspection by the Oklahoma Tax Commission. It also presumes that all e-liquids delivered to retailers in the state will be used and consumed within the state.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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