Removing tax hike on semi-trucks

House Majority Floor Leader Jon Echols said he will file legislation during the upcoming 2018 legislative session to clarify that the removal of a portion of the sales tax exemption on motor vehicles should not be applied to the purchase or transfer of semi-trucks.

House Bill 2433, passed by the Legislature in May, amended the sales tax exemption on motor vehicles to provide that a 1.25 percent of the sales tax levy will apply to the sale of an automobile.

Echols said Oklahoma is one of the nation’s leaders in the registration of semi-trucks and that the bill was not intended to apply to the trucking industry.

“We certainly want to protect the trucking industry in Oklahoma because of their contribution to job growth and economic development in our state,” said Echols, R-Oklahoma City. “We want to continue to be a primary destination for both large and small companies to tag their long-haul transportation vehicles. We will look at a legislative fix in the coming months, and I anticipate the Governor and Senate will support that effort.”

The 2018 legislative session begins on February 5.