OK HB2363

Amends 68 O.S. 2011, Section 2105 to eliminate the motor vehicle excise tax exemption for businesses engaged in renting vehicles without a driver (commonly known as car rental companies).

Removes previous language that exempted vehicles brought into Oklahoma by former residents from other states from excise tax, but only if the business was not engaged in car rentals.

Effective date is July 1, 2017, with emergency clause allowing the act to take effect immediately upon passage and approval.

Maintains all other existing exemptions for nonresident vehicles, inherited vehicles, dealer inventory, government vehicles, and disabled veteran purchases.

Committee on Joint Committee on Appropriations and Budget recommended passage as amended on April 27, 2017.