Okla. Admin. Code § 710:10-9-4

Current through Vol. 42, No. 4, November 1, 2024

Section 710:10-9-4 - Used manufactured homes held for resale; dealers

Used manufactured homes shall be exempt from ad valorem taxation if all the following requirements are met:

(1) The used manufactured home must be registered or assigned to a licensed Oklahoma manufactured home dealer.

(2) The used manufactured home is held for resale on a sales lot by a licensed Oklahoma manufactured home dealer on January 1st of the assessment year. The dealer shall be required, however, to obtain a current certificate of title (Title must be brought up in dealer's name.) and registration decal for any used manufactured home held for resale by January 31st in lieu of payment of ad valorem taxes. No certificate of title and registration decal shall be issued to the dealer without a completed "Manufactured Home Certificate 936" (OTC Form 936) in the dealer's name from the assessor's office in the county in which the manufactured home is located. A manufactured home held for resale without a current certificate and registration decal is subject to ad valorem tax on January 1st of the assessment year.

(3) A licensed Oklahoma manufactured home dealer must meet these qualifications:

(A) A lawful dealers license obtained from the Used Motor Vehicle and Parts Commission. The license permits the buying, selling, or exchange of manufactured homes;

(B) The licensed manufactured homes are bought, sold and exchanged at an established place of business in this state. An established place of business shall include the sales lot. A sales lot is an established place of business at which:

(i) The licensed manufactured home dealer places his inventory;

(ii) The licensed manufactured home dealer maintains his books and records on the sale of manufactured homes; and

(iii) The licensed manufactured home dealer buys for resale and sells or exchanges used manufactured homes.

Okla. Admin. Code § 710:10-9-4

Amended at 12 Ok Reg 2603, eff 6-26-95; Amended at 19 Ok Reg 1205, eff 5-11-02; Amended at 21 Ok Reg 2563, eff 6-25-04