HB 2433 Removes the sales tax exemption on vehicle sales but keeps in place the existing excise taxes on those same vehicles. This is a 38% tax increase on purchasing a new or used vehicle. This will strip another $124 million dollars out of taxpayer's pockets in 2018 and every year afterward.
|Here is a bill that was chosen for scoring the RINO Index, |
& why this bill is bad for the average Oklahoman.
The excise tax is an "in lieu" tax, a tax levied in the place of a sales tax. So this is double taxation. This was also passed the last week of the legislative session, a constitutional no no. It also passed without a super majority and this is a tax increase which requires a super majority.