SB 1461 Summary

• Expands the $10 excise tax on commercial vehicles to include special mobilized machinery used in oil and gas exploration, servicing, and production that is self-propelled or drawn as a trailer/semitrailer and registered under Title 47 of Oklahoma Statutes.

• Clarifies that frac tanks registered under Section 1133 of Title 47 remain subject to the $10 excise tax, with exceptions for certain non-cargo-transport uses.

• Maintains existing $10 excise tax rates for trucks/truck-tractors with 55,000+ pounds laden weight, trailers, and semitrailers designed for cargo transport.

• Preserves exemptions for pickup trucks, vans, and sport utility vehicles from the commercial vehicle excise tax.

• Effective date: November 1, 2012.