SB1125

Authorizes counties and municipalities to levy excise tax on medical marijuana sales.

This bill allows counties and municipalities in Oklahoma to impose an excise tax on the sale of medical marijuana. The tax can only be levied if approved by a majority of voters in a special election. The tax revenue must be designated for a specific purpose and cannot be redirected without voter approval. If recreational marijuana is legalized, the tax provisions will apply to it at the same rates and conditions. The bill also establishes county excise tax revolving funds for tax revenue and sets an effective date of November 1, 2025.