Oklahoma Tax Commission Issues Information on Motor Vehicle Tag, Tax, Title, Fees

The Oklahoma Tax Commission (OTC) Jan. 26 issued information on motor vehicle tag, tax, title, and fees for sales and use and excise tax purposes. The OTC provides: 1) excise tax is assessed upon each transfer of a vehicle, boat, or outboard motor ownership unless specifically exempted by law; 2) sales tax is assessed at a rate of 1.25 percent of the purchase price on all vehicle sales or transfers of ownership reflecting a sale date on or after July 1, 2017, unless a qualifying sales tax exemption applies; and 3) qualifying 100 percent disabled veterans wishing to apply a ...