This bill amends Sections 1355 and 1404 of the Oklahoma Statutes regarding sales and use tax exemptions related to motor vehicles. It modifies the existing exemption for the sale of motor vehicles by updating the language to clarify that the motor vehicle excise tax must be paid, and it removes specific references to the portion of the levy that was previously applicable. The bill also introduces new language to ensure that the sale of motor vehicles is not subject to any additional sales and use taxes imposed by local jurisdictions. Additionally, it includes provisions for the exemption of low-speed or medium-speed electric vehicles and sales of electricity at charging stations for electric vehicles.

Furthermore, the bill amends Section 1404 to clarify the exemptions from the use tax for tangible personal property brought into the state by nonresidents and for items already subjected to tax in another state. It also removes outdated language regarding the sale of motor vehicles and their associated taxes, streamlining the tax code. The effective date for these changes is set for November 1, 2026.

Statutes affected:
Introduced: 68-1355, 68-1404