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OK HB1183

Bill

Official Source

Status

Passed

5/21/2025

Primary Sponsor

Jim Grego

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Motor vehicle excise tax will now be calculated on the actual sales price of the vehicle without subtracting trade-in discounts or credits

  • Removes the previous requirement that vehicle value must be within 20% of the average retail price listed in Service Oklahoma's automotive reference materials

  • Bills of sale must include the actual sales price, number of tires, and tire rim diameters

  • Effective date: July 1, 2026

Legislative Description

Revenue and taxation; motor vehicle excise tax; value of vehicle; effective date.

Last Action

Approved by Governor 05/21/2025

5/21/2025

Committee Referrals

Appropriations4/14/2025
Revenue and Taxation4/1/2025
Appropriations and Budget Finance Subcommittee2/4/2025
Appropriations and Budget2/4/2025

Full Bill Text

No bill text available