{"data":{"id":"us-ok/okla.-stat.-tit.-63-63-4105","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 63, § 63-4105","heading":"Value of vessel or motor - Time, method of determination","body":"- Disputed value.\n\nA. The value of any vessel or motor for the purposes of the\n\nexcise tax levied by Section 4103 of this title shall be determined\n\nas of the time the person applying for a certificate of title\n\nthereto obtained either legal ownership or possession of the vessel\n\nor motor which shall be the actual date of the sale or other\n\ntransfer of legal ownership, which date shall be shown by the\n\nassignment on the certificate of title or, in the case of a new\n\nvessel or motor on the manufacturer's certificate or statement of\n\norigin hereby required, and by the application for registration,\n\nrequired to be furnished by the licensed dealer for use by the\n\npurchaser. The value of a new vessel or new motor for excise tax\n\npurposes shall be the manufacturer's price of such vessel or motor\n\ndelivered at the factory. As used herein, the manufacturer's\n\nfactory-delivered price shall represent the recommended retail\n\nselling price and shall not mean the wholesale price to a dealer.\n\nFurther, for purposes of the Oklahoma Vessel and Motor Excise Tax\n\nAct, Section 4102 et seq. of this title, a new vessel or new motor\n\nused by a licensed dealer for demonstration purposes shall be\n\nconsidered a new vessel or new motor upon the first time sale and\n\nregistration of such vessel or motor. The value of a used vessel or\n\nused motor shall be sixty-five percent (65%) of the manufacturer's\n\nprice of such vessel or motor delivered at the factory for\n\nsubsequent transfers for the first year and for the second year and\n\nsixty-five percent (65%) of the value of the previous year so fixed\n\nfor each successive year for which such vessel or motor is\n\nregistered and licensed in this or any other state, until such\n\nvessel or motor reaches a minimum value of Two Hundred Fifty Dollars\n\n($250.00).\n\nB. Service Oklahoma shall have the authority in cases of\n\ndispute to determine the factory delivered price or price of any\n\nvessel or motor.\n\nC. In computing the excise tax, the fees collected shall be\n\nrounded to the nearest dollar.","path":["OK Code","Title 63"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os63.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"109826b858964e5799e180e14e81d6a9c38e0c28c574e5d962946559b156c11c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-63-63-4104","next":"us-ok/okla.-stat.-tit.-63-63-4106"},"notice":"GroundRules: Original legal text. Not legal advice."}