This bill amends Section 256 of Title 3 of the Oklahoma Statutes, which pertains to aircraft registration fees and taxes. The primary change involves transferring the responsibility for collecting and apportioning these fees and taxes to Service Oklahoma. The new language specifies that all fees and taxes collected will be apportioned by Service Oklahoma, and it clarifies that the registration fees and taxes will be collected in the same manner as those for automobiles. Additionally, the bill outlines the specific tax rates for various types of aircraft based on their weight, as well as provisions for appealing fee assessments.

The bill also stipulates that aircraft purchased after January 1 of each year will be registered and taxed on a prorated basis, and it establishes the distribution of collected funds. Specifically, 3% of the funds will go to the State Treasurer for the General Revenue Fund, while 97% will be deposited into the Oklahoma Department of Aerospace and Aeronautics Revolving Fund. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval.

Statutes affected:
Introduced: 3-256