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OK SB729
Bill
AI Summary
- Modifies apportionment of penalty revenue from vehicle registration fees and excise taxes, redirecting fifty cents ($0.50) per dollar of penalties from the General Revenue Fund to the State Highway Construction and Maintenance Fund beginning July 1, 2011
- Changes penalty revenue distribution for late vehicle registrations: twenty-five cents ($0.25) apportioned per Section 1104, twenty-five cents ($0.25) retained by motor license agent, and fifty cents ($0.50) directed to highway fund instead of general revenue
- Applies the same fifty-fifty split of penalty revenue between motor license agents and the highway fund to excise tax penalties on vehicle transfers starting July 1, 2011
- Amends 47 O.S. Sections 1115, 1132, and 1151 regarding vehicle registration penalties and 68 O.S. Section 2103 regarding vehicle excise tax penalties
- Effective for fiscal year beginning July 1, 2011 and all subsequent fiscal years
Legislative Description
Motor vehicle revenue; apportionment of revenue from penalties.
Motor Vehicles and Transportation
Last Action
Approved by Governor 05/26/2011
5/26/2011
Committee Referrals
Appropriations and Budget3/16/2011
Finance2/8/2011
Full Bill Text
No bill text available