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HOUSE OF REPRESENTATIVES - FLOOR VERSION
STATE OF OKLAHOMA
1st Session of the 58th Legislature (2021)
COMMITTEE SUBSTITUTE
FOR
HOUSE BILL NO. 2476 By: Roberts (Sean) of the House
and
Bullard of the Senate
COMMITTEE SUBSTITUTE
[ revenue and taxation – motor vehicle sales tax –
exemption – effective date ]
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2105.1 of Title 68, unless there
is created a duplication in numbering, reads as follows:
A. Any transfer of legal ownership of a motor vehicle to a
person who is a resident of Oklahoma and has been honorably
discharged from active service in any branch of the Armed Forc es of
the United States or Oklahoma National Guard and who has been
certified by the United States Department of Veterans Affairs or its
successor to be in receipt of disability compensation at the one -
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hundred-percent rate and the disability shall be perma nent and have
been sustained through military action or accident or resulting from
disease contracted while in such active service and who is
registered with the veterans registry created by the Oklahoma
Department of Veterans Affairs shall be exempt from the sales tax
levied for the sale of motor vehicles by Section 1355 of Title 68 of
the Oklahoma Statutes.
B. The exemption authorized by this section shall not be
claimed by an individual for more than one vehicle in a consecutive
three-year period, unless the vehicle is a replacement for a vehicle
which was destroyed and declared by the insurer to be a total loss
claim. This exemption shall not be counted against the sales tax
exemption cap provided in paragraph 34 of Section 1357 of Title 68
of the Oklahoma Statutes.
C. The Oklahoma Tax Commission shall issue to the buyer a
refund of sales tax collected by a motor vehicle dealer from any
person who qualifies for the exemption under this section. If the
purchase of the motor vehicle was made with a loan , the refund shall
be issued to the lienholder. The lienholder shall deduct the refund
amount from the balance due on the loan.
SECTION 2. This act shall become effective November 1, 2021.
COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET, dated
02/25/2021 - DO PASS, As Amended and Coauthored.