HB 1054 - Increases Tax Rate on Tobacco, Alcohol, and Fuel Products - Oklahoma Key Vote

Timeline

Stage Details

See How Your Politicians Voted

Title: Increases Tax Rate on Tobacco, Alcohol, and Fuel Products

Vote Smart's Synopsis:

Vote to pass a bill that increases the tax rate on tobacco, alcohol, and fuel products.

Highlights:

 

  • Authorizes a tax rate increase to 75 mills per cigarette (Sec. 1).

  • Defines “Mills” as a monetary dollar amount 1/1,000 of an American cent (Sec. 1).

  • Specifies that a retailer may not advertise or practice the policy of paying the tax due on taxable merchandise on behalf of the customer (Sec. 4).

  • Authorizes a tax rate increase of 25 percent for the factory list price of smoking tobacco and a tax rate increase of 20 percent for the factory list price of chewing tobacco (Sec. 4).

  • Authorizes a 6 cent per gallon tax on all gasoline and diesel fuel consumed in the state of Oklahoma (Sec. 8).

  • Authorizes a 13.5 percent tax rate on all alcoholic beverages in addition to the excise sales tax found in the Oklahoma State Tax Code (Sec. 11).

Title: Increases Tax Rate on Tobacco, Alcohol, and Fuel Products

arrow_upward