Oklahoma 2023 Regular Session

Oklahoma House Bill HB1389 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. H. B. NO. 1389 Page 1 1
	3	+	HB1389 HFLR Page 1
	4	+	BOLD FACE denotes Committee Amendments. 1
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28		-	ENGROSSED HOUSE
29		-	BILL NO. 1389 By: Bashore, Fetgatter, Davis,
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	1st Session of the 59th Legislature (2023)
	34	+
	35	+	COMMITTEE SUBSTITUTE
	36	+	FOR
	37	+	HOUSE BILL NO. 1389 By: Bashore, Fetgatter, Davis,
30	38		Boles, Grego, and Hardin of
31	39		the House
32	40
33	41		and
34	42
35	43		Rosino of the Senate
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	47	+	COMMITTEE SUBSTITUTE
39	48
40	49		[ motor vehicles - vehicle excise tax - value -
41	50		effective date ]
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46	55		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
47	56		SECTION 1. AMENDATORY 68 O.S. 2021, Section 2104, as
48	57		amended by Section 237, Chapter 2 82, O.S.L. 2022 (68 O.S. Supp.
49	58		2022, Section 2104), is amended to read as follows:
50	59		Section 2104. A. The value of any motor vehicle, except a
51	60		manufactured home, for the purposes of the excise tax levied by
52	61		Section 2103 of this title, shall be determined as of the time the
53	62		person applying for a certificate of title thereto obtained either
54	63		ownership or possession of the vehicle, which shall be presumed to
55		-	be the actual date of the sale or other transfer of ownership, and
56		-	assignment of the certificate of title.
57		-	B. 1. The value of any vehicle, for purposes of the excise tax
58		-	levied by Section 2103 of this title, shall be the actual sales
59	64
60		-	ENGR. H. B. NO. 1389 Page 2 1
	65	+	HB1389 HFLR Page 2
	66	+	BOLD FACE denotes Committee Amendments. 1
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	91	+	be the actual date of the sale or other transfer of ownership, and
	92	+	assignment of the certificate of title.
	93	+	B. 1. The value of any vehicle, for purposes of the excise tax
	94	+	levied by Section 2103 of this title, shall be the actual sales
85	95		price of such a vehicle before after any discounts or credits are
86	96		given for a trade-in. However, the value
87	97		2. For purposes of computing the maximum value or the minimum
88	98		value of the vehicle to calculate the amount of motor vehicle excise
89	99		tax due, and notwithstanding the actual sales price of the vehicle
90	100		as negotiated between the seller and buyer, the sale s price of the
91	101		vehicle prior to the subtraction of such discounts or credits for a
92	102		trade-in shall be required to be within twenty percent (20%) of the
93	103		average retail price value of such vehicle as listed in the
94	104		automotive reference material prescribed by Service Oklahoma.
95	105		3. The actual sales price value of the vehicle as computed in
96	106		paragraph 1 of this subsection, which total shall be the basis of
97	107		the motor vehicle excise tax, as well as:
98	108		a. the sales price of the vehicle for purposes of
99	109		paragraph 2 of this subsection ,
100	110		b. the number of tires on the vehicle , and
101	111		c. the tire rim diameters,
102	112		shall be entered on the bill of sale furnished by the seller to the
103	113		purchaser, or on such other form as may be prescribed by Service
104	114		Oklahoma.
105		-	C. Upon receipt of the properly completed bill of sale or other
106		-	form as prescribed by Service Oklahoma, and the payment of all
107		-	applicable taxes and fees, Service Oklahoma or an appointed licensed
108		-	operator shall issue a vehicle certificate of title in accordance
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110		-	ENGR. H. B. NO. 1389 Page 3 1
	116	+	HB1389 HFLR Page 3
	117	+	BOLD FACE denotes Committee Amendments. 1
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	142	+	C. Upon receipt of the properly completed bill of sale or other
	143	+	form as prescribed by Service Oklahoma, and the payment of all
	144	+	applicable taxes and fees, Service Oklahoma or an appointed licensed
	145	+	operator shall issue a vehicle certificate of title in accordance
135	146		with the provisions of the Oklahoma Vehicle License and Registration
136	147		Act.
137	148		D. On or before November 1 , 2025, Service Oklahoma shall file a
138	149		report with the Governor, the Speaker of the Oklahoma House of
139	150		Representatives, the President Pro Tempore of the Oklahoma State
140	151		Senate, the Chair of the Appropr iations and Budget Committee of the
141	152		House of Representatives, and the Chair of the Appropriations
142	153		Committee of the Senate. The report shall state the fiscal impact
143	154		of the motor vehicle ex cise tax over the previous three (3) fiscal
144	155		years, the future projec tions of the motor vehicle excise tax , and
145	156		any other information important to the implementation and fiscal
146	157		impact of the motor vehicle excise tax.
147	158		SECTION 2. This act shall become effective November 1, 2023.
148		-	Passed the House of Representatives the 13th day of March, 2023.
149	159
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153		-	Presiding Officer of the House
154		-	of Representatives
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158		-	Passed the Senate the ___ day of __________, 2023.
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163		-	Presiding Officer of the Senate
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	160	+	COMMITTEE REPORT BY: COMMITTE E ON APPROPRIATIONS AND BUDGET , dated
	161	+	03/02/2023 - DO PASS, As Amended and Coauthored.