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OK HB2967

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Rick West

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Expands vehicle excise tax exemptions for transfers made without consideration to include transfers between legal guardians and children, and between grandparents and grandchildren
  • Adds transfers to express trusts where the individual's parent, legal guardian, or grandparent has revocation rights to the existing exemption for trusts revocable by the individual, spouse, child, or grandchild
  • Amends 68 O.S. 2021, Section 2103 regarding motor vehicle excise taxes on transfer of legal ownership
  • Effective date: November 1, 2026

Legislative Description

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

Last Action

Authored by Senator Jett (principal Senate author)

3/4/2026

Committee Referrals

Appropriations and Budget Finance Subcommittee2/3/2026
Appropriations and Budget2/3/2026

Full Bill Text

No bill text available