Oklahoma Tax Commission Publishes Excise Tax Information on Boats, Motors

The Oklahoma Tax Commission Aug. 1 published Chapter 22 of the state administrative code on boats and motors, for excise tax purposes. The chapter provides: 1) the procedures and fees for registration of boats and motors purchased in Oklahoma or out-of-state; 2) that the excise tax on the transfer of legal ownership or possession of a boat or an outboard motor is due at the time of transfer and must be paid within 30 days; 3) that the taxable value of a new boat or outboard motor is the manufacturer’s original retail delivered price; 4) the transactions that are exempt ...