Oklahoma § 63-4103 - Excise tax - Amount - When due - Delinquency - Failure or

§ 63-4103. Excise tax - Amount - When due - Delinquency - Failure or

refusal to pay - Penalty - Exceptions - Credits.

A. There is hereby levied an excise tax of three and one-fourth

percent (3 1/4%) of the value of each vessel and motor upon the

transfer of legal ownership of any such vessel or motor registered

in this state and upon the use of any such vessel or motor

registered in this state, and upon the use of any such vessel or

motor registered for the first time in this state required to be

registered pursuant to the Oklahoma Vessel and Motor Registration

Act. The tax hereby levied shall be due at the time of the transfer

of legal ownership or first registration in this state of such

vessel or motor and shall be collected by Service Oklahoma at the

time of the issuance of a certificate of title for any such vessel

or motor. The excise tax levied by the Oklahoma Vessel and Motor

Excise Tax Act shall be delinquent from and after the thirtieth day

after the legal ownership or possession of any vessel or motor is

obtained. Any person failing or refusing to pay the tax as herein

provided on or before the date of delinquency shall pay, in addition

to the tax, a penalty of twenty-five cents ($0.25) per day for each

day of delinquency, but such penalty shall in no event exceed the

amount of the tax.

B. The provisions of this section shall not apply to transfers

made without consideration between husband and wife or parent and

child.

C. There shall be a credit allowed with respect to the excise

tax paid for a new vessel or motor which is a replacement for:

Oklahoma Statutes - Title 63. Public Health and Safety

a.

a new original vessel or motor which is stolen from

the purchaser/registrant within ninety (90) days of

the date of purchase of the original vessel or motor

as certified by a police report or other documentation

as required by Service Oklahoma, or

b.

a defective new original vessel or motor returned by

the purchaser/registrant to the seller within six (6)

months of the date of purchase of the defective new

original vessel or motor as certified by the

manufacturer.

Said credit shall be in the amount of the excise tax which was paid

for the new original vessel or motor and shall be applied to the

excise tax due on the replacement vessel or motor. In no event will

said credit be refunded.

Added by Laws 1989, c. 346, § 46, eff. Jan. 1, 1990. Amended by

Laws 2022, c. 282, § 230, emerg. eff. May 19, 2022.