Oklahoma 2024 Regular Session

Oklahoma House Bill HB2973 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. S. A. TO ENGR. H. B. NO. 2973 Page 1 1
	3	+	SENATE FLOOR VERSION - HB2973 SFLR Page 1
	4	+	(Bold face denotes Committee Amendments) 1
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28		-	ENGROSSED SENATE AMENDMENTS
29		-	TO
30		-	ENGROSSED HOUSE
31		-	BILL NO. 2973 By: West (Rick) of the House
32		-
33		-	and
34		-
35		-	Hamilton of the Senate
36		-
37		-
38		-
39		-
40		-	[ excise tax - transfer of vehicle ownership -
41		-	excluded transfers - effective date ]
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46		-	AUTHOR: Add the following Senate Coauthor: Stephens
47		-
48		-	AMENDMENT NO. 1. Page 6, line 12, after the number “3.” delete the
49		-	words “Grandparent and grandchild ” and insert the
50		-	words “Legal guardian and child ”
51		-
52		-	AMENDMENT NO. 2. Page 6, line 14, after the word “ or” and before
53		-	the word “parent” delete the word “grandchild,”
54		-
55		-	AMENDMENT NO. 3. Page 6, line 14, after the word “or” and before
56		-	the word “of” delete the word “ grandparent” and
57		-	insert the words “legal guardian”
58		-
59		-	AMENDMENT NO. 4. Page 1, strike the enacting clause
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63		-	ENGR. S. A. TO ENGR. H. B. NO. 2973 Page 2 1
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88		-	Passed the Senate the 24th day of April, 2024.
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92		-	Presiding Officer of the Senate
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95		-	Passed the House of Representatives the ____ day of __________,
96		-	2024.
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99		-
100		-	Presiding Officer of the House
101		-	of Representatives
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103		-	ENGR. H. B. NO. 2973 Page 1 1
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	29	+	SENATE FLOOR VERSION
	30	+	April 18, 2024
	31	+	AS AMENDED
127	32
128	33		ENGROSSED HOUSE
129	34		BILL NO. 2973 By: West (Rick) of the House
130	35
131	36		and
132	37
133	38		Hamilton of the Senate
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140	43		[ excise tax - transfer of vehicle ownership -
141	44		excluded transfers - effective date ]
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146	49		BE IT ENACTED BY THE P EOPLE OF THE STATE OF OKLAHOMA:
147	50		SECTION 1. AMENDATORY 68 O.S. 2021, Section 2103, as
148	51		amended by Section 236, Chapter 282, O.S.L. 2022 (68 O.S. Supp.
149	52		2023, Section 2103), is amended to read as follows:
150	53		Section 2103. A. 1. Except as otherwise provided in Sections
151	54		2101 through 2108 of this title, there shall be levied an excise tax
152	55		upon the transfer of legal ownership of any vehicle registered in
153	56		this state and upon the use of any vehicle registered in th is state
154	57		and upon the use of any vehicle registered for the first time in
155	58		this state. Except for persons that possess an agricultural
156	59		exemption pursuant to Section 1358.1 of this title, the excise tax
157	60		shall be levied upon transfers of legal ownership of all -terrain
158	61		vehicles and motorcycles used exclusively off roads and highways
159	62		which occur on or after July 1, 2005, and upon transfers of legal
160	63
161		-	ENGR. H. B. NO. 2973 Page 2 1
	64	+	SENATE FLOOR VERSION - HB2973 SFLR Page 2
	65	+	(Bold face denotes Committee Amendments) 1
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186	90		ownership of utility vehicles used exclusively off roads and
187	91		highways which occur on or after July 1, 2008. The e xcise tax for
188	92		new and used all-terrain vehicles, utility vehicles and motorcycles
189	93		used exclusively off roads and highways shall be levied at four and
190	94		one-half percent (4 1/2%) of the actual sales price of each new and
191	95		used all-terrain vehicle and motorcycle used exclusively off road s
192	96		and highways before any discounts or credits are given for a trade -
193	97		in. Provided, the minimum excise tax assessment for such all -
194	98		terrain vehicles, utility vehicles and motorcycles used exclusively
195	99		off roads and highways shall b e Five Dollars ($5.00). Th e excise
196	100		tax for new vehicles shall be levied at three and one -fourth percent
197	101		(3 1/4%) of the value of each new vehicle. The excise tax for used
198	102		vehicles shall be as follows:
199	103		a. from October 1, 2000, until June 30, 2001, Twenty
200	104		Dollars ($20.00) on the fir st One Thousand Dollars
201	105		($1,000.00) or less of value of such vehicle, and
202	106		three and one-fourth percent (3 1/4%) of the remaining
203	107		value of such vehicle,
204	108		b. for the year beginning July 1, 2001, and ending June
205	109		30, 2002, Twenty Doll ars ($20.00) on the first O ne
206	110		Thousand Two Hundred Fifty Dollars ($1,250.00) or less
207	111		of value of such vehicle, and three and one -fourth
208	112		percent (3 1/4%) of the remaining value of such
209	113		vehicle, and
210	114
211		-	ENGR. H. B. NO. 2973 Page 3 1
	115	+	SENATE FLOOR VERSION - HB2973 SFLR Page 3
	116	+	(Bold face denotes Committee Amendments) 1
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236	141		c. for the year beginning July 1, 2002, and all
237	142		subsequent years, Twenty Dollars ($20. 00) on the first
238	143		One Thousand Five Hundred Dollars ($1,500.00) or less
239	144		of value of such vehicle, and three and one -fourth
240	145		percent (3 1/4%) of the remaining value of such
241	146		vehicle.
242	147		2. There shall be levied an excise tax of Ten Dol lars ($10.00)
243	148		for any:
244	149		a. truck or truck-tractor registered under the provisions
245	150		of subsection A of Section 1133 of Title 47 of the
246	151		Oklahoma Statutes, for a laden weight or combined
247	152		laden weight of fifty -five thousand (55,000) pounds or
248	153		more,
249	154		b. trailer or semitrailer registered und er subsection C
250	155		of Section 1133 of Title 47 of the Oklahoma Statutes,
251	156		which is primarily designed to transport cargo over
252	157		the highways of this state and generally recognized as
253	158		such, and
254	159		c. frac tank, as defined by Section 54 of Title 17 of the
255	160		Oklahoma Statutes, and registered under subsection C
256	161		of Section 1133 of Title 47 of the Oklahoma Statutes.
257	162		Except for frac tanks, the excise tax levied pursuant to this
258	163		paragraph shall not apply to special mobilized machinery, trailers,
259	164		or semitrailers manufactured, modified or remanufactured for the
260	165
261		-	ENGR. H. B. NO. 2973 Page 4 1
	166	+	SENATE FLOOR VERSION - HB2973 SFLR Page 4
	167	+	(Bold face denotes Committee Amendments) 1
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286	192		purpose of providing services other than transporting cargo over the
287	193		highways of this state. The excise tax levied pursuant to this
288	194		paragraph shall also not apply to pickup trucks, vans, or spo rt
289	195		utility vehicles.
290	196		3. The tax levied pursuant to this section shall be due at the
291	197		time of the transfer of legal ownership or first registration in
292	198		this state of such vehicle; provided, the tax shall not be due at
293	199		the time of the issuance of a certificate of title for an all -
294	200		terrain vehicle, utility vehicle or motorcycle used exclusively off
295	201		roads and highways which is not required to be registered but which
296	202		the owner chooses to register pursuant to the provisions of
297	203		subsection B of Section 1115.3 of Titl e 47 of the Oklahoma Statut es,
298	204		and shall be collected by Service Oklahoma or the Corporation
299	205		Commission, as applicable, or an appointed licensed operator, at the
300	206		time of the issuance of a certificate of title for any such vehicle.
301	207		In the event an excise tax is collected on the tran sfer of legal
302	208		ownership or use of the vehicle during any calendar year, then an
303	209		additional excise tax must be collected upon all subsequent
304	210		transfers of legal ownership. In computing the motor vehicle excise
305	211		tax, the amount coll ected shall be rounded to t he nearest dollar.
306	212		The excise tax levied by this section shall be delinquent from and
307	213		after the thirtieth day after the legal ownership or possession of
308	214		any vehicle is obtained. Any person failing or refusing to pay the
309	215		tax as herein provided on or befor e date of delinquency shall pay in
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311		-	ENGR. H. B. NO. 2973 Page 5 1
	217	+	SENATE FLOOR VERSION - HB2973 SFLR Page 5
	218	+	(Bold face denotes Committee Amendments) 1
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336	243		addition to the tax a penalty of One Dollar ($1.00) per day for each
337	244		day of delinquency, but such penalty shall in no event exceed the
338	245		amount of the tax. Of each dollar penalty collected pursua nt to
339	246		this subsection:
340	247		a. twenty-five cents ($0.25) shall be apportioned as
341	248		provided in Section 1104 of this title,
342	249		b. twenty-five cents ($0.25) shall be retained by the
343	250		licensed operator, and
344	251		c. fifty cents ($0.50) shall be deposited in the General
345	252		Revenue Fund for the fiscal year beginning on July 1,
346	253		2011, and for all subsequent fiscal years, shall be
347	254		deposited in the State Highway Construction and
348	255		Maintenance Fund.
349	256		B. The excise tax levied in subsection A of this section and
350	257		assessed on all commercial v ehicles registered pursuant to Section
351	258		1120 of Title 47 of the Oklahoma Statutes and trailers and
352	259		semitrailers registered under subsection C of Section 1133 of Title
353	260		47 of the Oklahoma Statutes to transport cargo over the highways of
354	261		this state shall be in lieu of all sales and use taxes levied
355	262		pursuant to the Sales Tax Code or the Use Tax Code. The transfer of
356	263		legal ownership of any motor vehicle as used in this section and the
357	264		Sales Tax Code and the Use Tax Code shall include the lease, lease
358	265		purchase or lease finance agreement in volving any truck in excess of
359	266		eight thousand (8,000) pounds combined laden weight or any truck -
360	267
361		-	ENGR. H. B. NO. 2973 Page 6 1
	268	+	SENATE FLOOR VERSION - HB2973 SFLR Page 6
	269	+	(Bold face denotes Committee Amendments) 1
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386	294		tractor provided the vehicle is registered in Oklahoma pursuant to
387	295		Section 1120 of Title 47 of the Oklahoma Statutes or any frac tank,
388	296		trailer, semitrailer or o pen commercial vehicle registered pursuant
389	297		to Section 1133 of Title 47 of the Oklahoma Statutes. The excise
390	298		tax levied pursuant to this section shall not be subsequently
391	299		collected at the end of the lease period if the lessee acq uires
392	300		complete legal title of the vehicle.
393	301		C. The provisions of this section shall not apply to transfers
394	302		made without consideration between:
395	303		1. Husband and wife;
396	304		2. Parent and child; or
397		-	3. ~~Grandparent~~ and ~~grandchi ld~~; or
	305	+	3. Legal guardian and child; or
398	306		4. An individual and an express trust which that individual or
399		-	the spouse, child or, ~~grandchild,~~ parent or ~~grandparent~~ of that
400		-	~~individual~~ has a right to revoke.
	307	+	the spouse, child or, parent or legal guardian of that individual
	308	+	has a right to revoke.
401	309		D. 1. There shall be a credit allowed with respect to the
402	310		excise tax paid for a new vehicle which is a replacement for:
403	311		a. a new original vehicle which is stolen from the
404	312		purchaser/registrant within ninety (90) days of the
405	313		date of purchase of the original vehicle as certified
406	314		by a police report or other documentation as required
407	315		by Service Oklahoma, or
408	316		b. a defective new original vehicle returned by the
409	317		purchaser/registrant to the seller within six (6)
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411		-	ENGR. H. B. NO. 2973 Page 7 1
	319	+	SENATE FLOOR VERSION - HB2973 SFLR Page 7
	320	+	(Bold face denotes Committee Amendments) 1
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436	345		months of the date of purchase of the defective new
437	346		original vehicle as certified by the manufacturer.
438	347		2. The credit allowed pursuant to paragraph 1 of this
439	348		subsection shall be in the amou nt of the excise tax which was paid
440	349		for the new original vehicle and shall be applied to the excise tax
441	350		due on the replacement vehicle. In no event shall the credit be
442	351		refunded.
443	352		E. Despite any other definitions of the terms "new vehicle" and
444	353		"used vehicle", to the contrary, contai ned in any other law, the
445	354		term "new vehicle" as used in this section shall also include any
446	355		vehicle of the latest manufactured model which is owned or acquired
447	356		by a licensed used motor vehicle dealer which has not previously
448	357		been registered in this state a nd upon which the motor vehicle
449	358		excise tax as set forth in this section has not been paid. However,
450	359		upon the sale or transfer by a licensed used motor vehicle dealer
451	360		located in this state of any such vehicle which is the latest
452	361		manufactured model, the veh icle shall be considered a used vehicle
453	362		for purposes of determining excise tax.
454	363		F. The provisions of this section shall not apply to state
455	364		government entities.
456	365		SECTION 2. This act shall become effective November 1, 2024.
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483		-	Passed the House of Representatives the 7th day of March, 2024.
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488		-	Presiding Officer of the House
489		-	of Representatives
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493		-	Passed the Senate the ___ day of __________, 2024.
494		-
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497		-
498		-	Presiding Officer of the Senate
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	366	+	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
	367	+	April 18, 2024 - DO PASS AS AMENDED