Bill > HB2967

This bill amends existing Oklahoma law regarding the motor vehicle excise tax, which is a tax levied on the transfer of legal ownership or the first registration of a vehicle in the state. The key changes involve expanding the categories of family members and individuals who can transfer vehicle ownership without incurring this tax. Specifically, it adds transfers between a legal guardian and child, grandparent and grandchild, and transfers involving an individual and an express trust where that individual or their spouse, child, grandchild, parent, legal guardian, or grandparent has the right to revoke the trust. The bill also clarifies that the excise tax is generally due at the time of ownership transfer or first registration, with specific rules for certain off-road vehicles and commercial vehicles. The effective date for these changes is November 1, 2026.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2967&Session=2600