The bill proposes the enactment of section 3780.221 of the Revised Code, which allows county commissioners to levy an excise tax on the retail sale of adult use marijuana. The revenue generated from this tax is intended to fund cultural, artistic, and entertainment opportunities within the county, as well as cover the expenses associated with administering the tax. The tax rate will be set as a multiple of one-quarter of one percent, with a maximum total rate of three percent when combined with other taxes levied under this section. The tax can be imposed for a period not exceeding ten years and requires approval from a majority of the county's electors through a resolution specifying the tax rate, duration, and intended purposes.

Additionally, the bill outlines the process for collecting and distributing the tax revenue. Consumers will pay the tax at the time of purchase, and vendors are responsible for reporting and remitting the tax to the state in the same manner as other applicable taxes. The funds collected will be allocated to a tax refund fund and distributed to a permissive tax distribution fund and a local excise tax administrative fund, with specific percentages designated for each. The tax commissioner will ensure timely distribution of the funds to the county treasurer.