Revenue and taxation; Vapor Products Tax Code; defining terms; excise tax; e-liquid; Oklahoma Tax Commission; allocation of revenue; revolving fund; effective date.

Summary

The bill levies a 30% tax on the wholesale cost of e‑liquid sold, imported, or possessed in Oklahoma, to be paid by the first seller in the state. Collected by the Oklahoma Tax Commission, the money is split between a new Vapor Products Regulation Revolving Fund and the General Revenue Fund. It also requires manufacturers, distributors and retailers to keep invoices for at least three years.

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