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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
05/23/2019
05/23/2019
Introduced Session
2019 Regular Session
Bill Summary
Taxation of motor vehicle sales; limiting time period during which sales and use tax levies apply; providing exception. Effective date. Emergency.
AI Summary
This bill limits the time period during which sales and use tax levies apply to the sale of motor vehicles. Specifically, it exempts the sale of motor vehicles from a portion of the sales tax levy, equal to 1.25% of the gross receipts, for sales that occur between July 1, 2017, and June 30, 2019. The bill also provides that the sale of motor vehicles shall not be subject to any sales and use taxes levied by cities, counties, or other jurisdictions of the state. The bill has an effective date of July 1, 2019 and is declared an emergency.
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=1900 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/SB/SB2%20INT.PDF |
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