Loading chat...

OK SB866

Bill

Official Source

Status

Introduced

2/4/2013

Primary Sponsor

Gus Blackwell

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Amends 68 O.S. 2011, Section 2104 regarding motor vehicle excise tax valuation procedures

  • Updates language to clarify that vehicle value is determined at the time of ownership transfer or title assignment

  • Requires actual sales price (before trade-in discounts) must be within 20% of average retail price in automotive reference materials

  • Adds exception exempting recreational vehicles defined in 47 O.S. Section 1102 from the 20% valuation requirement

  • Effective date: November 1, 2013

Legislative Description

Motor vehicles; providing exception to determination of value for excise tax. Effective date.

Motor Vehicles and Transportation

Last Action

coauthored by Blackwell (principal House author)

2/11/2013

Committee Referrals

Finance2/5/2013

Full Bill Text

No bill text available