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OK SB1050
Bill
Status
2/1/2016
Primary Sponsor
Jason Smalley
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AI Summary
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Amends the apportionment formula for motor vehicle fees, taxes, and penalties collected under the Oklahoma Vehicle License and Registration Act, effective July 1, 2016
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Caps distributions to school districts, counties, cities, the State Transportation Fund, and the County Improvements for Roads and Bridges Fund at FY 2013 levels, with any excess revenue going to the General Revenue Fund
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Increases the General Revenue Fund apportionment from 24.84% to 24.87% beginning July 1, 2016
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Eliminates funding to the Wildlife Conservation Fund for fish habitat restoration and hatchery operations for fiscal years beginning July 1, 2016 and after
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Contains an emergency clause declaring the act necessary for public peace, health, and safety
Legislative Description
Motor vehicle taxes and fees; modifying apportionment after certain date; providing for distribution in excess of certain limit. Effective date.
Last Action
coauthored by Mazzei
2/29/2016