Section 2104 - Value of vehiclesA. The value of any motor vehicle, except a manufactured home, for the purposes of the excise tax levied by Section 2103 of this title, shall be determined as of the time the person applying for a certificate of title thereto obtained either ownership or possession of the vehicle, which shall be presumed to be the actual date of the sale or other transfer of ownership, and assignment of the certificate of title.B. The value of any vehicle, for purposes of the excise tax levied by Section 2103 of this title, shall be the actual sales price of such a vehicle before any discounts or credits are given for a trade-in. However, the value of the vehicle prior to the subtraction of such discounts or credits for a trade-in shall be required to be within twenty percent (20%) of the average retail price value of such vehicle as listed in the automotive reference material prescribed by Service Oklahoma. The actual sales price of the vehicle, which total shall be the basis of the motor vehicle excise tax, as well as the number of tires on the vehicle and the tire rim diameters, shall be entered on the bill of sale furnished by the seller to the purchaser, or on such other form as may be prescribed by Service Oklahoma. Upon receipt of the properly completed bill of sale or other form as prescribed by Service Oklahoma, and the payment of all applicable taxes and fees, Service Oklahoma or an appointed licensed operator shall issue a vehicle certificate of title in accordance with the provisions of the Oklahoma Vehicle License and Registration Act.Okla. Stat. tit. 68, § 2104
Amended by Laws 2022 , c. 282, s. 237, eff. 5/19/2022.Added by Laws 1963, HB 982, c. 361, § 2, emerg. eff. 7/1/1963; Renumbered as 47 O.S. § 21-104 by Laws 1965, HB 1033, c. 215, § 3; Amended by Laws 1980, SB 293, c. 85, § 13, eff. 1/1/1981; Amended by Laws 1981, HB 1366, c. 118, § 28, eff. 10/1/1981; Amended by Laws 1982, HB 1622, c. 95, § 15, emerg. eff. 4/6/1982; Amended by Laws 1985, HB 1219, c. 179, § 91, eff. 7/1/1985; Amended by Laws 1992, HB 1840, c. 300, § 2, emerg. eff. 7/1/1992; Amended by Laws 2000 , HB 2189, c. 250, § 9, eff. 10/1/2000, State Question 691, Legis. Ref. 319, approved by the people at the election held 8/22/2000; Amended by Laws 2007 , HB 2087, c. 273, § 1, eff. 11/1/2007.