HB 2967 — Revenue and taxation; motor vehicle excise tax; transfer of vehicle ownership; effective date.

HOUSEENGROSSED OF REPRESENTATIVES - FLOOR VERSION STATE OF OKLAHOMA 2nd Session of the 60th Legislature (2026) HOUSE BILL 2967NO. By:

West2967 (Rick)By: of the House and Jett of the Senate 8 AS INTRODUCED [ revenue and taxation - vehicle excise tax - transfer of vehicle ownership - transfers - effective date ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

West (Rick) of the House and Jett of the Senate 5 7 9 [ revenue and taxation - vehicle excise tax - transfer of vehicle ownership - transfers - effective date ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

Except as otherwise provided in Sections 2101 through 2108 of this title, there shall be levied an excise tax upon the transfer of legal ownership of any vehicle registered in HB2967this HFLRstate Pageand 1upon BOLDthe FACEuse denotesof Committeeany Amendments.vehicle registered in this state and upon the use of any vehicle registered for the first time in this state.

thisExcept state and upon the use of any vehicle registered in this state and upon the use of any vehicle registered for thepersons firstthat timepossess inan thisagricultural state.ENGR.

ExceptH. for persons that possess an agricultural exemption pursuant to Section 1358.1 of this title, the excise tax shall be levied upon transfers of legal ownership of all-terrain vehicles and motorcycles used exclusively off roads and highways which occur on or after July 1, 2005, and upon transfers of legal ownership of utility vehicles used exclusively off roads and highways which occur on or after July 1, 2008.

B.

NO.

2967 Page 1 exemption pursuant to Section 1358.1 of this title, the excise tax shall be levied upon transfers of legal ownership of all-terrain vehicles and motorcycles used exclusively off roads and highways which occur on or after July 1, 2005, and upon transfers of legal ownership of utility vehicles used exclusively off roads and highways which occur on or after July 1, 2008.

from October 1, 2000, until June 30, 2001, Twenty Dollars ($20.00) on the first One Thousand Dollars ($1,000.00) or less of value of such vehicle, and HB2967three HFLRand Pageone-fourth 2percent BOLD(3 FACE1/4%) denotesof Committeethe Amendments.remaining value of such vehicle, b.

threefor the year beginning July 1, 2001, and one-fourthending percentJune (330, 1/4%)2002, ofTwenty theDollars remaining($20.00) valueon ofthe suchfirst vehicle,One b.ENGR.

forH. the year beginning July 1, 2001, and ending June 30, 2002, Twenty Dollars ($20.00) on the first One Thousand Two Hundred Fifty Dollars ($1,250.00) or less of value of such vehicle, and three and one-fourth percent (3 1/4%) of the remaining value of such vehicle, and c.

B.

NO.

2967 Page 2 Thousand Two Hundred Fifty Dollars ($1,250.00) or less of value of such vehicle, and three and one-fourth percent (3 1/4%) of the remaining value of such vehicle, and c.

trailer or semitrailer registered under subsection C of Section 1133 of Title 47 of the Oklahoma Statutes, which is primarily designed to transport cargo over HB2967the HFLRhighways Pageof 3this BOLDstate FACEand denotesgenerally Committeerecognized Amendments.as such, and ENGR.

theH. highways of this state and generally recognized as such, and c.

B.

NO.

2967 Page 3 c.

In the event an excise tax is collected on the transfer of legal ownership or use of the vehicle during any HB2967calendar HFLRyear, Pagethen 4an BOLDadditional FACEexcise denotestax Committeemust Amendments.be collected upon all subsequent transfers of legal ownership.

calendarIn year,computing thenthe anmotor additionalENGR. excise tax must be collected upon all subsequent transfers of legal ownership.

InH. computing the motor vehicle excise tax, the amount collected shall be rounded to the nearest dollar.

B.

NO.

2967 Page 4 vehicle excise tax, the amount collected shall be rounded to the nearest dollar.

The excise tax levied in subsection A of this section and assessed on all commercial vehicles registered pursuant to Section 1120 of Title 47 of the Oklahoma Statutes and trailers and semitrailers registered under subsection C of Section 1133 of Title 47 of the Oklahoma Statutes to transport cargo over the highways of this state shall be in lieu of all sales and use taxes levied HB2967pursuant HFLRto Pagethe 5Sales BOLDTax FACECode denotesor Committeethe Amendments.Use Tax Code.

pursuantThe totransfer theof Saleslegal Taxownership Codeof orany themotor Usevehicle Taxas Code.used in this section and the ENGR.

TheH. transfer of legal ownership of any motor vehicle as used in this section and the Sales Tax Code and the Use Tax Code shall include the lease, lease purchase or lease finance agreement involving any truck in excess of eight thousand (8,000) pounds combined laden weight or any truck- tractor provided the vehicle is registered in Oklahoma pursuant to Section 1120 of Title 47 of the Oklahoma Statutes or any frac tank, trailer, semitrailer or open commercial vehicle registered pursuant to Section 1133 of Title 47 of the Oklahoma Statutes.

B.

NO.

2967 Page 5 Sales Tax Code and the Use Tax Code shall include the lease, lease purchase or lease finance agreement involving any truck in excess of eight thousand (8,000) pounds combined laden weight or any truck- tractor provided the vehicle is registered in Oklahoma pursuant to Section 1120 of Title 47 of the Oklahoma Statutes or any frac tank, trailer, semitrailer or open commercial vehicle registered pursuant to Section 1133 of Title 47 of the Oklahoma Statutes.

HB2967 HFLR Page 6 BOLD FACE denotes Committee Amendments.

a new original vehicle which is stolen from the purchaser/registrant within ninety (90) days of the date of purchase of the original vehicle as certified byENGR. a police report or other documentation as required by Service Oklahoma, or b.

H.

B.

NO.

2967 Page 6 by a police report or other documentation as required by Service Oklahoma, or b.

However, upon the sale or transfer by a licensed used motor vehicle dealer located in this state of any such vehicle which is the latest HB2967manufactured HFLRmodel, Pagethe 7vehicle BOLDshall FACEbe denotesconsidered Committeea Amendments.used vehicle for purposes of determining excise tax.

manufactured model, the vehicle shall be considered a used vehicle for purposes of determining excise tax.