Bill
Bill > HB2952
OK HB2952
OK HB2952Revenue and taxation; motor vehicle excise tax; value of vehicle; effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
04/01/2026
04/01/2026
Crossed Over
03/12/2026
03/12/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
revenue and taxation - vehicles - value - effective date
AI Summary
This bill modifies how the value of a vehicle is determined for the purpose of the motor vehicle excise tax, which is a tax levied on vehicles. Specifically, it amends existing law to state that the vehicle's value for this tax will be its actual sales price, but this price will be reduced by any credits or discounts received for trading in another vehicle as part of the purchase. The bill also specifies that the effective date for this change will be November 1, 2026.
Committee Categories
Budget and Finance
Sponsors (9)
Avery Frix (R)*,
Jim Grego (R)*,
Chris Banning (R),
Steve Bashore (R),
Brian Hill (R),
Cody Maynard (R),
Melissa Provenzano (D),
Eric Roberts (R),
Gabe Woolley (R),
Last Action
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee (on 04/01/2026)
Official Document
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