HB 1447 Summary

• Modifies motor vehicle sales tax exemption from full exemption to requiring a 1.25% state sales tax on motor vehicle sales, while exempting vehicle sales from city and county sales taxes.

• Removes exemption for motor vehicle sales from Oklahoma Motor Vehicle Excise Tax provisions under Section 2106.

• Removes payment responsibility provisions related to the 1.25% sales tax on motor vehicles from Sections 1361 and 1402, shifting tax collection requirements.

• Removes exemption for motor vehicle sales and use tax under Section 1404, aligning use tax treatment with modified sales tax treatment.

• Effective July 1, 2025, with emergency declaration allowing immediate effect upon passage and approval.