HB2952

Oklahoma HB2952 amends the motor vehicle excise tax by changing how vehicle value is determined.

Oklahoma HB2952 modifies the method for determining the value of motor vehicles, excluding manufactured homes, for excise tax purposes. The value will be based on the date the owner obtained the vehicle, presumed to be the sale or transfer date. The bill of sale must include the vehicle's value, number of tires, and tire rim diameters. Service Oklahoma will issue a vehicle certificate of title after taxes and fees are paid. The changes take effect July 1, 2026.