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Auto dealers trying to stop sales tax on vehicles set to take effect Saturday
OKLAHOMA CITY — Car dealers are asking the Oklahoma Supreme Court to prevent a law putting a sales tax on vehicles from taking effect.
Lawmakers passed House Bill 2433. The measure removes the sales-tax exemption on vehicles, thus imposing a 1.25 percent tax on top of the existing 3.25 percent excise tax.
The measure is set to take effect Saturday.
It is expected to generate slightly more than $123 million for the fiscal year 2018 budget.
Read more: http://www.tulsaworld.com/news/state/auto-dealers-trying-to-stop-sales-tax-on-vehicles-set/article_d5d52624-7286-5017-8871-ec174bdcc7b3.html