Bill
Bill > HB3083
summary
Introduced
02/05/2024
02/05/2024
In Committee
02/06/2024
02/06/2024
Crossed Over
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2024 Regular Session
Bill Summary
An Act relating to revenue and taxation; amending 68 O.S. 2021, Sections 1355, as amended by Section 1, Chapter 370, O.S.L. 2023, 2106, 1361, as amended by Section 2, Chapter 273, O.S.L. 2014, 1402, 1404, as amended by Section 2, Chapter 370, O.S.L. 2023 (68 O.S. Supp. 2023, Sections 1355, 1361 and 1404), which relate to motor vehicle excise taxes and sales tax; eliminating sales tax levy upon sale of motor vehicles; and declaring an emergency.
AI Summary
This bill eliminates the sales tax levy on the sale of motor vehicles in Oklahoma. It amends several sections of the state's revenue and taxation laws to remove the 1.25% sales tax that was previously applied to motor vehicle sales, in addition to the motor vehicle excise tax. The bill declares an emergency, allowing it to take effect immediately upon passage and approval.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Appropriations and Budget Finance - Revenue and Taxation Subcommittee (on 02/06/2024)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Automotive Industry
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3083&Session=2400 | 01/16/2024 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/hB/HB3083%20INT.PDF | 01/16/2024 |
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