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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
HOUSE BILL 3185 By: Patzkowsky
AS INTRODUCED
An Act relating to vehicle excise tax; amending 68
O.S. 2021, Section 2104, as amended by Section 237,
Chapter 282, O.S.L. 2022 (68 O .S. Supp. 2023, Section
2104), which relates to the value of vehicles;
modifying the calculation to determine a vehicle's
value; providing an effective date; and declaring an
emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 2104, as
amended by Section 237, Chapter 282, O.S.L. 2022 (68 O.S. Supp.
2023, Section 2104), is amended to read as follows:
Section 2104. A. The value of any motor vehicle, except a
manufactured home, for the purposes of the excise tax levied by
Section 2103 of this title, shall be determined as of the time the
person applying for a certificate of title thereto obtained either
ownership or possession of the vehicle, which shall be presumed to
be the actual date of the sale or other transfer of ownership, and
assignment of the certificate of title.
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B. The value of any vehicle, for purposes of the excise tax
levied by Section 2103 of this title, shall be the actual sales
price of such a vehi cle before any discou nts or credits are given
for a trade-in. However, the value of the vehicle prior to the
subtraction of such discounts or credits for a trade-in shall be
required to be within twenty:
1. Twenty percent (20%) of the average retail price value of
such vehicle as listed in the automotive reference material
prescribed by Service Oklahoma. if the vehicle has a n odometer
reading of less than one hundred thousand (100,000) miles;
2. Forty percent (40%) of the average retail price value of
such vehicle as listed in the automotive reference material
prescribed by Service Oklahoma if the vehicle has an odometer
reading equal to or greater than one hundred thousand (100,000)
miles, but not greater than two hundred thousand (200,000) miles;
3. Fifty percent (50%) of the average retail price value of
such vehicle as listed in the automotive reference material
prescribed by Service Oklahoma if the vehicle has an odometer
reading equal to or greater than two hundred thousand and one
(200,001) miles.
The actual sales price of the vehicle, which total shall be the
basis of the motor vehicle excise tax, as well as the number of
tires on the vehicle and the tire rim diameters, shall be entered on
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the bill of sale furnished by the seller to the purchaser, or on
such other form as may be prescribed by Service Oklahoma.
Upon receipt of the properly completed bill of sale or other
form as prescribed by Service Oklahoma, and the payment of all
applicable taxes and fees, Service Oklahoma or an appointed licensed
operator shall issue a vehicle certificate of title in accordance
with the provisions of the Oklahoma Vehicle License and Registration
Act.
SECTION 2. This act shall become effective July 1, 2024.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereo f this act shall take effect and
be in full force from and after its passage and approval.
59-2-8994 AO 12/14/23