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OK SB73
Bill
AI Summary
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Amends the apportionment of Oklahoma Vehicle License and Registration Act collections by the Oklahoma Tax Commission, effective July 1, 2025.
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Allocates 1% of fees collected to the Licensed Operator Performance Fund based on Service Oklahoma metrics.
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Modifies County Improvements for Roads and Bridges Fund allocations with fiscal year limits: $120 million (FY 2020-2022), $125 million (FY 2023), $130 million (FY 2024), $135 million (FY 2025), $140 million (FY 2026), $145 million (FY 2027), and $150 million (FY 2028 and beyond).
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Allocates 24.84% of vehicle registration collections to the Rebuilding Oklahoma Access and Driver Safety Fund created in Title 69, Section 1521 of the Oklahoma Statutes.
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Declares an emergency, making the act effective immediately upon passage and approval.
Legislative Description
Transportation; Oklahoma Vehicle License and Registration Act collections; limiting certain apportionment to certain amount. Effective date. Emergency.
Last Action
Second Reading referred to Appropriations
2/4/2025