Oklahoma Governor Signs Excise Tax Law Relating to Electric Vehicle Charging Tax

The Oklahoma Governor May 11 signed an excise tax law relating to the electric vehicle charging tax. The law includes measures: 1) requiring the Oklahoma Corporation Commission to provide the calculation for the tax rate to the Oklahoma Tax Commission for collection from businesses; 2) requiring the electric charging tax to be remitted annually by each charging station owner or operator beginning Jan. 1, 2024, and ending on Dec. 31, 2028, and quarterly beginning Jan. 1, 2029; and 3) providing that the tax is to be reported and remitted no later than the twenty-seventh day of the month following the ...