The bill was endorsed by all 61 House Democrats and one Republican, while every vote in opposition was cast by a Republican. A key feature of the legislation is that the 3.25 percent state excise tax assessed on the purchase of a new car, van or pickup would be levied on the actual sales price of the vehicle rather than on the artificially inflated manufacturer's suggested retail price. The excise tax charged at the time of the title transfer on the purchase of a used vehicle would be altered, too, over the next two years. Research indicates HB 2663 would save three-quarters of all Oklahoma motor vehicle owners money each year. According to the Oklahoma Tax Commission about 2.5 million non-commercial vehicles were registered in this state last year.
National research reflects that on average, a motorist keeps a vehicle for nearly eight years.
Opponents asserted that used-car buyers would pay higher excise taxes under HB 2663 . Rep. Wayne Pettigrew, R-Edmond, said the bill would impose the 3.25 percent excise tax on a higher net value because HB 2663 would negate depreciation woven into the current tag fee schedule. This is a tax shift. If you don't believe it, go home and ask your constituents. What We Need Is a Bigger Tag Selection A compromise version of Senate Bill 831 would create three more special license plates, raising the number of alternatives to at least 67.