Oklahoma 2025 Regular Session

Oklahoma House Bill HB2057 Compare Versions

Only one version of the bill is available at this time.

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28	28	STATE OF OKLAHOMA
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30	30	1st Session of the 60th Legislature (2025)
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32	32	HOUSE BILL 2057 By: Stinson
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38	38	AS INTRODUCED
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40	40	An Act relating to Trauma Care Assistance Revolving
41	41	Fund; amending 63 O.S. 2021, Section 426, as last
42	42	amended by Section 1, Chapter 34, 1st Extraordinary
43	43	Session, O.S.L. 2023 (63 O.S. Supp. 2024, Section
44	44	426), which relates to medical marijuana taxation,
45	45	apportionment, assess, collect, and enforce;
46	46	modifying apportionments to certain funds; adding an
47	47	apportionment to a new fund ; providing an effective
48	48	date; and declaring an emergency .
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54	54	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
55	55	SECTION 1. AMENDATORY 63 O.S. 2021, Section 426, as last
56	56	amended by Section 1, Chapter 34, 1st Extraordinary Session, O.S.L.
57	57	2023 (63 O.S. Supp. 2024, Section 426), is amended to read as
58	58	follows:
59	59	Section 426. A. The tax on retail medical marijuana sales
60	60	shall be established at seven percent (7%) of the gross amount
61	61	received by the seller.
62	62	B. This tax shall be collecte d at the point of sale. Except as
63	63	provided for in subsection D, tax proceeds shall be deposited into
64	64	the Medical Marijuana Tax Fund created in Section 3 of this act.
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91	91	C. Pursuant to Section 255.2 of Title 68 of the Oklahoma
92	92	Statutes, the Oklahoma Tax Comm ission shall have authority to
93	93	assess, collect and enforce the tax specified in subsection A of
94	94	this section including any interest and penalty thereon.
95	95	D. For fiscal the year 2022 beginning July 1, 2026, and all
96	96	subsequent years thereafter , proceeds from the levy authorized by
97	97	subsection A of this section shall be apportioned as f ollows:
98	98	1. The first Sixty-five Million Dollars ($65,000,000.00) shall
99	99	be apportioned as follows:
100	100	a. fifty-nine and twenty-three hundredths percent
101	101	(59.23%) to the State Public Common School Building
102	102	Equalization Fund,
103	103	b. thirty-four and sixty-two hundredths percent (34.62%)
104	104	to the Oklahoma Medical Marijuana Authority, a
105	105	division within the State Department of Health, and
106	106	c. six and fifteen hundredths percent (6.15%) five
107	107	percent (5%) to the State Department of Health and
108	108	earmarked for drug and alcohol reh abilitation, and
109	109	d. one and fifteen hundredths percent (1.15%) to the
110	110	Trauma Care Assistance Revolving Fund created in
111	111	Section 1-2530.9 of Title 63 of the Oklahoma Statutes ;
112	112	and
113	113	2. Any surplus collections shall be apportioned to the General
114	114	Revenue Fund of the State Treasury.
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141	141	E. If any medical marijuana business licensee intentionally
142	142	does not remit the taxes as required by the provisions of this
143	143	section or the provisions of Sec tion 1354 of Title 68 of the
144	144	Oklahoma Statutes, the Authority shall permanentl y revoke the
145	145	medical marijuana business license of the business licensee and the
146	146	business licensee shall be permanently ineligible to receive any
147	147	other type of medical marijuana business license issued by the
148	148	Authority, including licenses for a dispensary, commercial grower
149	149	operation, processing facility, transporter, research, education
150	150	facility, and waste disposal facility.
151	151	SECTION 2. This act shall become effec tive July 1, 2025.
152	152	SECTION 3. It being immediately necessary for the preservation
153	153	of the public peace, health or safety, an emergency is hereby
154	154	declared to exist, by reason whereof this act shall take effect and
155	155	be in full force from and a fter its passage and approval.
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157	157	60-1-11724 TJ 12/17/24