Bill > HB1236

This bill modifies several sections of Oklahoma's tax code related to sales and use taxes, primarily focusing on changes to motor vehicle and vehicle-related tax exemptions. Specifically, the bill removes a previous provision that exempted motor vehicle sales from a portion of the sales tax levy, effectively eliminating the 1.25% sales tax exemption for motor vehicle purchases. The legislation also removes language that previously required motor vehicle sales tax to be paid in the same manner and time as the motor vehicle excise tax. Additionally, the bill reorganizes and renumbers some sections of tax code related to use tax exemptions, such as exemptions for nonresident visitors, property purchased for resale, and property brought into the state by new residents. These changes appear to be aimed at simplifying tax collection procedures and potentially increasing revenue by removing certain tax exemptions. The bill is set to become effective on July 1, 2025, and contains an emergency clause suggesting its immediate importance to the state's fiscal operations.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1236&Session=2600