Oklahoma HB1550 amends vehicle excise tax calculations based on vehicle mileage.
Oklahoma HB1550 modifies the vehicle excise tax calculation by setting the tax value at 20% of the average retail price for vehicles with less than 100,000 miles, 40% for those with 100,000 to 200,000 miles, and 50% for those with over 200,000 miles. The tax applies to vehicles excluding manufactured homes. The changes take effect July 1, 2025, with an emergency declaration for immediate implementation.
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