HB 2783 Summary

• Amends 47 O.S. sections 1115, 1132, and 1151 regarding the Oklahoma Vehicle License and Registration Act to modify penalty structures for late vehicle registration and failure to renew registration.

• Decreases daily late registration penalties from $1.00 per day to $0.25 per day for most vehicles, with maximum penalties reduced from $100 to $25 for vehicles not registered within the required timeframe.

• Modifies the distribution of collected late registration penalties: increases the state's General Revenue Fund share from $0.58 to $0.15 per penalty dollar, while reducing amounts apportioned to local motor license agents and the state transportation fund.

• Maintains higher penalties for commercial fleet vehicles (30% of annual fee or $200 minimum) and preserves exemptions for donations to nonprofit charitable organizations.

• Becomes effective November 1, 2014.