SB 1983 Summary

• Amends Oklahoma motor vehicle registration fee laws (47 O.S. Sections 1115, 1132, and 1151) relating to registration fees, delinquent penalties, and penalty waivers.

• Clarifies that penalties for delinquent vehicle registration payments cannot be waived by the Oklahoma Tax Commission or motor license agents, except as specifically provided in Sections 1127 and 1133.

• Modifies the apportionment of penalty revenue collected from late registration fees: reduces state apportionment from $0.50 to $0.58 per dollar of penalties collected, with $0.21 going to apportionment per Section 1104, $0.21 retained by motor license agents, and $0.58 to the General Revenue Fund.

• Applies penalty restrictions to all vehicle types including new vehicles, used vehicles transferred by ownership, manufactured homes, fleet vehicles, and commercial vehicles.