OK SB645

Amends 68 O.S. 2011, Section 6003 to add a new exemption from aircraft excise tax for rotary-wing aircraft purchased exclusively for training U.S. military personnel or other training authorized by the U.S. Government.

The military training aircraft exemption is temporary and ceases to be effective on January 1, 2018.

Updates reference in Section 6003(2) from "Section 2 of this act" to "Section 254.1 of Title 3 of the Oklahoma Statutes" regarding aircraft dealer licensing requirements.

Updates Section 6003(17) to clarify that aircraft transferred without consideration to an express trust are exempt from excise tax if the individual transferring the aircraft has a right to revoke the trust.

Becomes effective November 1, 2013.