Oklahoma 2025 Regular Session

Oklahoma House Bill HB2176 Compare Versions

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2828 STATE OF OKLAHOMA
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3030 1st Session of the 60th Legislature (2025)
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3232 HOUSE BILL 2176 By: Pfeiffer
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3838 AS INTRODUCED
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4040 An Act relating to state revenue administration;
4141 amending 68 O.S. 2021, Section 255.2, as amended by
4242 Section 6, Chapter 113, O.S.L. 202 3 (68 O.S. Supp.
4343 2024, Section 255.2), which relates to enforcement of
4444 medical marijuana tax provisions; providing for
4545 retention of fee amount; amending 63 O.S. 2021,
4646 Section 426, as last amended by Section 1, Chapter
4747 34, 1st Extraordinary Session, O.S.L. 2023 (63 O.S.
4848 Supp. 2024, Section 426), which relates to the
4949 Medical Marijuana Tax Fund; modifying provisions
5050 related to retention of fee amount; and providing an
5151 effective date.
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5858 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
5959 SECTION 1. AMENDATORY 68 O.S. 2021, Section 255.2, as
6060 amended by Section 6, Chapter 113, O.S.L. 2023 (68 O.S. Supp. 2024,
6161 Section 255.2), is amended to read as follows:
6262 Section 255.2. As provided in Section 426 of Title 63 of the
6363 Oklahoma Statutes, the Oklahoma Medical Marijuana Authority and the
6464 Oklahoma Tax Commission shall enter into a contract whereby the Tax
6565 Commission shall have authority to assess, collect and enforce the
6666 seven percent (7%) tax on retail medical marijuana sales and a ny
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9393 penalties and interest thereon. Such assessment, collection and
9494 enforcement authority shall apply to any tax and any penalty or
9595 interest liability on retail medical marijuana sales existing at the
9696 time of contracting. The contract shall provide for th e assessment,
9797 collection and enforcement of the tax on retail medical marijuan a
9898 sales in the same manner as the administration, collection and
9999 enforcement of any tax payable by any taxpayer subject to taxation
100100 under any state tax law. For providing such c ollection assistance,
101101 the Tax Commission shall charge the Oklahoma Medical Marijuana
102102 Authority retain a fee of one and five -tenths percent (1.5%) of the
103103 gross collection proceeds. All funds retained by the Tax Commission
104104 for the collection services shall be deposited in the Tax Commission
105105 Reimbursement Fund in the State Treasury.
106106 SECTION 2. AMENDATORY 63 O.S. 2021, Section 426, as last
107107 amended by Section 1, Chapter 34, 1st Extraordinary Session, O.S.L.
108108 2023 (63 O.S. Supp. 2024, Se ction 426), is amended to read as
109109 follows:
110110 Section 426. A. The tax on retail medical marijuana sales
111111 shall be established at seven percent (7%) of the gross amount
112112 received by the seller.
113113 B. This tax shall be collected at the point of sale. Except as
114114 provided for in subsection D, tax proceeds, less the collection fee
115115 retained by the Oklahoma Tax Commission pursuant to Section 255.2 of
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142142 Title 68 of the Oklahoma Statutes, shall be deposited into the
143143 Medical Marijuana Tax Fund created in Section 3 of this a ct.
144144 C. Pursuant to Section 255.2 of Title 68 of the Oklahoma
145145 Statutes, the Oklahoma Tax Commission shall have authority to
146146 assess, collect and enforce the tax specified in subsection A of
147147 this section including any interest and penalty thereon.
148148 D. For fiscal year 2022, proceeds from the levy authorized by
149149 subsection A of this sect ion shall be apportioned as follows:
150150 1. The first Sixty-five Million Dollars ($65,000,000.00) shall
151151 be apportioned as follows:
152152 a. fifty-nine and twenty-three hundredths percent
153153 (59.23%) to the State Public Common School Building
154154 Equalization Fund,
155155 b. thirty-four and sixty-two hundredths percent (34.62%)
156156 to the Oklahoma Medical Marijuana Authority, a
157157 division within the State Department of Health, and
158158 c. six and fifteen hundredths percent (6.15%) to the
159159 State Department of Health and earmarked for drug and
160160 alcohol rehabilitation; and
161161 2. Any surplus collections shall be apportioned to the General
162162 Revenue Fund of the State Treasury.
163163 E. If any medical marijuana business licensee int entionally
164164 does not remit the taxes as required by the provisions of this
165165 section or the provisions of Section 1354 of Title 68 of the
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192192 Oklahoma Statutes, the Authority shall permanently revoke the
193193 medical marijuana business license of the business licensee and the
194194 business licensee shall be permanently ineligible to receive any
195195 other type of medical marijuana business license issued by the
196196 Authority, including licenses for a dispensary, commercial grower
197197 operation, processing facility, transporter, research , education
198198 facility, and waste disposal facility.
199199 SECTION 3. This act shall become effective November 1, 2025.
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201201 60-1-11053 MAH 01/15/25