exemption are limited to $25,000.00 per calendar year for the veteran and $1,000.00 per calendar year for the surviving ... It is the responsibility of the qualifying veteran/surviving spouse to consider their actual and anticipated usage of the · sales tax allowance for the current calendar ...

July 10, 2025 - Review Oklahoma vehicle and boat registration fees. See common costs, exemptions, and how fees are calculated.

In general, vehicles purchased by sales tax exempt entities are exempt from the assessment of vehicle sales tax. Following is information on some of the more frequently encountered sales tax exemptions.

(2)to a factory authorized franchised new motor vehicle dealer which holds a franchise of the same line-make of the vehicle being purchased, or · d.when this exemption is claimed, Service Oklahoma shall issue a special title which shall restrict the transfer of the title only within this state prior to the expiration of twelve (12) months unless: (1)payment of the excise tax plus penalty as provided in this section is made, (2)the sale is made to a person specified in division (1) or (2) of subparagraph c of this paragraph, or

September 15, 2024 - Oklahoma’s motor vehicle taxes are a combination of an excise (sales) tax on the purchase of a vehicle and an annual registration fee in lieu of ad valorem (property) taxes. Until 2017, motor vehicles were fully exempt from the sales tax, but under HB 2433, the exemption was partially lifted and ...

Darcy Jech said would provide immediate tax relief for Oklahomans needing to make vehicle purchases. Senate Bill 1075 restores the tax exemption on motor vehicle and tractor trailer purchases that was removed in 2017 when the state was in a ...

This means that you save the sales taxes you would otherwise have paid on the $5,000 value of your trade-in. Many dealers offer cash incentives or manufacturer rebates on the sticker price of a vehicle in order to encourage sales. For example, a $1,000 cash rebate may be offered on a $10,000 car, meaning that the out of pocket cost to the buyer is $9,000. Oklahoma taxes vehicle purchases after rebates or incentives are applied to the price, which means that the buyer in this scenario will only pay taxes on the vehicle as if it cost $9,000.

Key provisions of House Bill 1295 include a clear delineation that while the sale of motor vehicles will be exempt from local sales taxes, dealers will still be responsible for collecting taxes on accessories, optional equipment, and parts sold ...

The Perkins Tag Agency is a full service motor license agency providing registration for cars, trucks, motorcycles, boats, motors, ATV's and also issues Oklahoma drivers license and state ID cards

June 25, 2025 - Motor vehicle taxes are something you just can’t avoid—they are a part of our lives. You are required by law to pay sales tax on private party used vehicle purchases in Oklahoma or any other state that charges sales tax—unless you meet an exemption.

Persons who have been honorably ... either an Oklahoma Tax Commission exemption card with the notation "Sales Tax Exemption:100% ......

November 27, 2024 - This is broken down into a 1.25% sales tax and an excise tax of 3.25%. For used car purchases, owners pay a flat fee of $20 for the first $1,500 they spend and must pay the combined rate of 4.5% for the remaining price. When purchasing a vehicle, you must also factor in the fuel cost. In Oklahoma, you must pay taxes of $0.19 per gallon on gasoline and $0.16 per gallon on diesel.

Jim Grego, R-Wilburton, today praised ... registration. House Bill 1183 simplifies how motor vehicle excise tax is determined for vehicle purchases by requiring the tax to be based on the actual sales price of the vehicle....

There are hereby specifically exempted from the tax levied by the Oklahoma Sales Tax Code: 1. Transportation of school pupils to and from elementary schools or high schools in motor or other vehicles;

September 13, 2022 - Code § 710:65-13-30 updates in lieu tax provisions, adding that power units (truck tractors) and trailers proportionally registered under the International Registration Plan or trailers and semitrailers registered to transport cargo over Oklahoma highways are exempt from the 1.25% motor vehicle ...

Oklahomans pay an excise tax when a vehicle is purchased, which is at a · rate of 3.25%, but the basis for this tax is the total delivered price of the vehicle. (For used vehicles, the total delivered · price is reduced by 35% for each year of the vehicle's age.) In most other states, the basis is the actual sales price of the

January 30, 2025 - Looking to purchase a vehicle in Oklahoma? Then you may have to pay an excise sales tax of 3.25% and a 1.25% sales tax, for a total of 4.5%. Because of this potential expense, many people want to know if tax exemptions or if buying a car out of state can help.

OKLAHOMA CITY – Rep. Justin Humphrey, R-Lane, has filed a bill for the upcoming special session that would remove the 1.25% sales tax on motor vehicle purchases.

Oklahoma Legislature's Website where you can follow the introduction of bills, committee actions, and votes on the bills.

(4) One and twenty-five-hundredths percent (1.25%) of the gross receipts upon which the tax is levied by Section 1354 of this title. Provided, the sale of motor vehicles shall not be subject to any sales and use taxes levied by cities, counties ...