Oklahoma Expands Cigarette Tax to Include Heated Tobacco Products

The Oklahoma Legislature enacted a law that amended the state’s cigarette stamp tax laws. The law includes: 1) expanding the definition of “cigarette” to include heated tobacco products; 2) providing a 50 percent tax exemption for cigarettes intended to be heated rather than burned; and 3) requiring the Oklahoma Tax Commission to prescribe rules and make regulations regarding the sale and distribution of cigarettes, ensuring stamps are available for heated tobacco products by the effective date. The law takes effect Nov. 1. [S.B. 680, enacted 04/01/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff. ...