Signed by Governor Mary Fallin

Vote Smart's Synopsis:

A vote to pass a bill that increases the gross production tax (GPT) on oil and gas to provide more funding for education.

Highlights:

• Increases the gross production tax (GPT) on oil and gas in Oklahoma from 2% to 5% (Sec. 7).

• Requires revenue from the increased GPT to be distributed as follows, capping the total amount at $150 million (Sec. 8):

• 23.75% for the Common Education Technology Revolving Fund;

• 23.75% for the Higher Education Capital Revolving Fund;

• 23.75% for the Oklahoma Student Aid Revolving Fund; and

• 10% for school districts that levy the new cigarette tax and maintain 12 years of instruction.

• Establishes an additional tax of $1.00 for a pack of 20 cigarettes and a 10% tax on chewing tobacco, smokeless tobacco, and snuff (Secs. 2 & 4).

• Specifies that revenue collected from taxes on tobacco products on or after July 1, 2019 will go to the newly created State Health Care Enhancement Fund (Sec. 2).

• Establishes an additional 3-cent per gallon tax on gasoline and 6-cent per gallon tax on diesel fuel (Sec. 6).

• Specifies that revenue collected from the new fuel taxes on or after July 1, 2019 will go into the Rebuilding Oklahoma Access and Driver Safety Fund (Sec. 6).

• Establishes a $5 occupancy tax for each day a hotel room is rented, unless it is an extended-stay rental (Sec. 12).

• Specifies that all revenue from the hotel occupancy tax will go to the General Revenue Fund (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

A vote to pass a bill that increases the gross production tax (GPT) on oil and gas to provide more funding for education.

Highlights:

• Increases the gross production tax (GPT) on oil and gas in Oklahoma from 2% to 5% (Sec. 7).

• Requires revenue from the increased GPT to be distributed as follows, capping the total amount at $150 million (Sec. 8):

• 23.75% for the Common Education Technology Revolving Fund;

• 23.75% for the Higher Education Capital Revolving Fund;

• 23.75% for the Oklahoma Student Aid Revolving Fund; and

• 10% for school districts that levy the new cigarette tax and maintain 12 years of instruction.

• Establishes an additional tax of $1.00 for a pack of 20 cigarettes and a 10% tax on chewing tobacco, smokeless tobacco, and snuff (Secs. 2 & 4).

• Specifies that revenue collected from taxes on tobacco products on or after July 1, 2019 will go to the newly created State Health Care Enhancement Fund (Sec. 2).

• Establishes an additional 3-cent per gallon tax on gasoline and 6-cent per gallon tax on diesel fuel (Sec. 6).

• Specifies that revenue collected from the new fuel taxes on or after July 1, 2019 will go into the Rebuilding Oklahoma Access and Driver Safety Fund (Sec. 6).

• Establishes a $5 occupancy tax for each day a hotel room is rented, unless it is an extended-stay rental (Sec. 12).

• Specifies that all revenue from the hotel occupancy tax will go to the General Revenue Fund (Sec. 5).

Full Bill Text