SB1392 Summary

• Amends 47 O.S. Section 1104 to modify the apportionment of motor vehicle taxes and fees collected under the Oklahoma Vehicle License and Registration Act, effective November 1, 2016.

• Reduces school district allocations from 36.20% to 0% between fiscal years 2018-2027, with phased decreases starting at 32.58% in 2018-2019 and ending with zero allocation after July 1, 2027.

• Increases State Transportation Fund allocations from 0.31% to 61.38% by fiscal year 2027-2028, with phased increases beginning in 2018-2019.

• Eliminates county apportionments for road and bridge purposes after July 1, 2018, and redirects those funds to the County Improvements for Roads and Bridges Fund at 35.52% starting July 1, 2018.

• Terminates allocations to the Oklahoma Law Enforcement Retirement Fund and reduces Wildlife Conservation Fund allocations after July 1, 2018.