Oklahoma § 68-5402 - When tax shall apply - Tax stamps - Affixing stamps prior

§ 68-5402. When tax shall apply - Tax stamps - Affixing stamps prior

to transfer of ownership.

A. The in-lieu tax imposed in Section 5401 of this title shall

apply on the date of sale or lease and shall be evidenced by a tax

stamp. The tax stamp shall be based on the following actual sales

price without reduction for any trade-in:

1. Beginning with sales of Five Hundred Dollars ($500.00) to

One Thousand Nine Hundred Ninety-nine Dollars ($1,999.00): $6.00;

2. Two Thousand Dollars ($2,000.00) to Nine Thousand Nine

Hundred Ninety-nine Dollars ($9,999.00): $12.00;

3. Ten Thousand Dollars ($10,000.00) to Nineteen Thousand Nine

Hundred Ninety-nine Dollars ($19,999.00): $18.00;

4. Twenty Thousand Dollars ($20,000.00) to Twenty-nine Thousand

Nine Hundred Ninety-nine Dollars ($29,999.00): $24.00;

5. Thirty Thousand Dollars ($30,000.00) to Thirty-nine Thousand

Nine Hundred Ninety-nine Dollars ($39,999.00): $36.00;

6. Forty Thousand Dollars ($40,000.00) to Forty-nine Thousand

Nine Hundred Ninety-nine Dollars ($49,999.00): $48.00;

7. Fifty Thousand Dollars ($50,000.00) to Fifty-nine Thousand

Nine Hundred Ninety-nine Dollars ($59,999.00): $60.00;

8. Sixty Thousand Dollars ($60,000.00) to Sixty-nine Thousand

Nine Hundred Ninety-nine Dollars ($69,999.00): $72.00;

9. Seventy Thousand Dollars ($70,000.00) to Seventy-nine

Thousand Nine Hundred Ninety-nine Dollars ($79,999.00): $84.00;

10. Eighty Thousand Dollars ($80,000.00) to Eighty-nine

Thousand Nine Hundred Ninety-nine Dollars ($89,999.00): $96.00; and

11. Ninety Thousand Dollars ($90,000.00) and above: $108.00.

B. The appropriate tax stamp or stamps shall be affixed by the

dealer to the dealer's copy of the sales invoice covering new or

used whole goods agricultural equipment and whole goods attachments

thereto sold before transferring ownership to any new or used farm

implement.

Added by Laws 1991, c. 149, § 2, eff. Jan. 1, 1992. Amended by Laws

1992, c. 360, § 8, eff. July 1, 1992.