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OK HB1558
Bill
Status
2/2/2015
Primary Sponsor
Elise Hall
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AI Summary
HB 1558 Summary
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Amends 47 O.S. 2011, Section 1104 to modify the apportionment of Oklahoma Vehicle License and Registration Act fees, taxes, and penalties among various state funds and local entities.
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Changes the General Revenue Fund allocation from 24.84% (FY 2014-2015) to 22.94% starting July 1, 2015, and all subsequent fiscal years.
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Increases the State Transportation Fund allocation from 24.84% (FY 2014-2015) to 22.94% beginning July 1, 2015, and all subsequent fiscal years.
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Increases city and incorporated town allocations from 3.10% to 5% effective July 1, 2015, and all subsequent fiscal years.
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Effective July 1, 2015, with an emergency clause declaring immediate effect upon passage and approval.
Legislative Description
Motor vehicles; apportionment of motor vehicle fees; effective date; emergency.
Motor Vehicles and Transportation
Last Action
Recommendation to the full committee; Do Pass Appropriations and Budget General Government Subcommittee sub-committee
2/10/2015