The Illegal Drug Stamp Act authorizes the Tax Commission to impose fines and penalties if illegal drugs are possessed and not stamped. Stamps are sold to dealers and a dealer may not possess marijuana or controlled substances unless the tax has been paid as evidenced by the affixed stamp. The Act does not provide immunity from criminal prosecution under Oklahoma law. This act applies to any dealer who purchases, acquires, transports, or imports marijuana or controlled substances into Oklahoma. Stamps should be permanently affixed to the packaging or container transporting the marijuana or controlled substance as evidence that the tax has been paid.
Tax is due and payable immediately upon acquisition or possession by a dealer.
Payments of estimated income taxes may be made quarterly, with the first payment due at the time of filing the estimate. Estates do not pay estimated taxes. The stamps may be obtained from the Oklahoma Tax Commission. Initial organization fees are in lieu of franchise tax for the fiscal year in which a corporate certificate or a certificate of domestication is issued. In lieu of ad valorem tax on freight cars, owners or operators of freight cars, other than railroad companies, pay a state-levied tax equal to four percent of the gross revenue derived from the use or operation of freight cars within the state.