Senate Bill 825 Summary

• Amends Section 1104 of the Oklahoma Vehicle License and Registration Act to modify the apportionment of motor vehicle taxes and fees collected by the Oklahoma Tax Commission effective July 1, 2015.

• Changes the percentage of funds allocated to the General Revenue Fund from 26.84% (FY 2013-2014) to 24.87% for fiscal year beginning July 1, 2015 and all subsequent years.

• Increases the percentage of funds remitted to the County Improvements for Roads and Bridges Fund from 18% (FY 2013-2014) to 20% for fiscal year beginning July 1, 2014 and all subsequent years.

• Modifies the Wildlife Conservation Fund apportionment to apply only through June 30, 2015, ending the fund allocation for years after that date.

• Declares an emergency, making the act effective immediately upon passage and approval rather than waiting for the standard July 1, 2015 effective date.