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OK SB2
OK SB2Taxation of motor vehicle sales; limiting time period during which sales and use tax levies apply; providing exception. Effective date. Emergency.
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to taxation of motor vehicle sales; amending 68 O.S. 2011, Sections 1355, as last amended by Section 1, Chapter 356, O.S.L. 2017, 1361, as last amended by Section 3, Chapter 356, O.S.L. 2017, 1402, as amended by Section 4, Chapter 356, O.S.L. 2017, 1404, as amended by Section 5, Chapter 356, O.S.L. 2017 and 2106, as amended by Section 2, Chapter 356, O.S.L. 2017 (68 O.S. Supp. 2018, Sections 1355, 1361, 1402, 1404 and 2106), which relate to application of tax and related exemptions; limiting time period during which specified sales and use tax levies apply; limiting time period during which certain procedures apply; providing exception to certain exclusion from in lieu nature of tax; providing an effective date; and declaring an emergency.
AI Summary
This bill amends provisions related to the taxation of motor vehicle sales in Oklahoma. It limits the time period during which certain sales and use tax levies apply to motor vehicle sales, while providing an exception to the "in lieu" nature of the motor vehicle excise tax. The bill also specifies the effective date of the changes and declares an emergency, allowing the bill to take effect immediately upon passage and approval.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Finance (on 02/05/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb2&Session=2000 |
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