The proposed bill enacts a new section, 3780.221, of the Revised Code, which allows county commissioners in Ohio 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 is set to be a multiple of one-quarter of one percent, with a maximum total rate of three percent when combined with other taxes. The tax can be levied for a period not exceeding ten years and requires approval from a majority of the county's electors through a resolution that specifies the tax rate, duration, and intended purposes.

Additionally, the bill outlines the process for implementing the tax, including the requirement for a ballot that presents the tax proposal to voters. It stipulates that the tax will be collected from consumers at the point of sale and remitted by vendors in the same manner as existing marijuana taxes. The bill also details the distribution of the tax revenue, allocating funds to a tax refund fund and a permissive tax distribution fund, with the tax commissioner responsible for monthly distributions to the county treasurer.