HB1604

Oklahoma HB1604 amends vehicle excise tax rules, modifying exclusions and tax rates for different vehicle types.

Oklahoma HB1604 amends the vehicle excise tax rules by modifying the exclusions for certain transfers and adjusting the tax rates for new and used vehicles. The bill specifies that the tax is not due at the time of the issuance of a certificate of title for off-road vehicles if the owner chooses to register them. It also adjusts the tax rates for new and used vehicles, setting specific percentages for different values. The bill further modifies the excluded transfers to include certain family relationships and trusts. The provisions do not apply to state government entities.