The State House of Representatives passed a bill today that means it will cost Oklahomans more money the next time they buy a car. Last night, legislative committee passed a $6.8 billion spending plan, now they’re trying to fund it.
But, because the deadline has passed for presenting new taxes and fees, they’re getting creative. Representatives passed a bill that would repeal the state sales tax exemption on the purchase of motor vehicles. In short, that means that all new motor vehicle sales – new or used – will be subject to a 1.25 percent sales tax on the value of the vehicle. That’s on top of the 3.25 percent tax we already pay.
The full story, at 4:30.