The bill amends the Oklahoma Vehicle License and Registration Act to establish new regulations regarding vehicle registration, particularly focusing on late renewals and initial registrations. It explicitly prohibits the backdating of registration periods, stating that "the renewed registration of the vehicle shall not be backdated to the date of expiration." This ensures that renewed registrations are valid only from the date of renewal, whether for an annual or biennial period. Additionally, the bill mandates that vehicle owners must register their vehicle within thirty (30) days of a change of ownership and pay a transfer fee of $15.00. If the registration is not completed within this timeframe, a penalty of $1.00 per day will be imposed, capped at a maximum of $100.

Furthermore, the bill outlines a structured fee schedule for various vehicle types and specifies the distribution of penalties collected for late registrations. Of each dollar collected, 21 cents will be apportioned according to existing regulations, another 21 cents will be retained by the licensed operator, and 58 cents will be deposited into the General Revenue Fund. These amendments aim to streamline the vehicle registration process, enhance compliance with registration timelines, and improve the overall efficiency of vehicle registration in Oklahoma. The provisions of this act are set to take effect on November 1, 2026.

Statutes affected:
Introduced: 47-1115, 47-1132