{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-5301","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-5301","heading":"Imposition of tax on new vehicles and vessels in lieu of","body":"ad valorem tax.\n\nA. A tax is hereby imposed in lieu of the ad valorem tax on the\n\ninventories of new automobiles, new trucks, new travel trailers, new\n\nmanufactured homes, new recreational vehicles and new motorcycles\n\nowned and/or possessed for sale by Oklahoma licensed dealers,\n\nlicensed under the Oklahoma Vehicle License and Registration Act,\n\nand on the inventories of new vessels and new motors owned and/or\n\npossessed for sale by Oklahoma licensed dealers licensed pursuant to\n\nthe Oklahoma Vessel and Motor Registration Act. Said tax shall be\n\npaid by the dealer on such new vehicles in lieu of the annual ad\n\nvalorem tax assessment of his average inventory of new vehicles, new\n\nmanufactured homes, new recreational vehicles, new vessels and new\n\nmotors, but shall not relieve any other property of the dealer from\n\nad valorem taxation.\n\nB. Used motor vehicle dealers shall pay a tax in lieu of the ad\n\nvalorem tax on inventories of used motor vehicles as provided for in\n\nSection 1137.1 of Title 47 of the Oklahoma Statutes.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"4c7b2bcb41fbfd08dbf8c2274b6acf66faf171917aea45ed8bfe1641340c11e1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-53009","next":"us-ok/okla.-stat.-tit.-68-68-53010"},"notice":"GroundRules: Original legal text. Not legal advice."}