This bill authorizes counties in Oklahoma to impose a public service impact tax on the retail sale of marijuana, contingent upon voter approval through a special election. The tax will not apply to marijuana grown by individuals on their own property that is not sold. The bill outlines the process for initiating a tax, including the requirement for a majority vote from registered voters and stipulates that if a tax is rejected, another election cannot be called for six months. The maximum tax rate allowed is set at fifteen percent, and the funds generated from this tax must be designated for specific purposes, such as enhancing local law enforcement and fire departments, as well as improving dilapidated properties.

Additionally, the bill mandates that the Oklahoma Tax Commission provide notice of any tax rate changes at least sixty days prior to their effective date. It allows for a contract between the county and the Tax Commission for the assessment and collection of the tax, with the Tax Commission charging a fee of one-half of one percent of the gross collection proceeds. The bill also establishes procedures for initiative petitions related to the tax, including a timeline for securing signatures and holding elections. The effective date for the provisions of this act is set for November 1, 2026.