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47-1132.1.


47-1132.1.
   
   A. There is levied and there shall be paid to the Oklahoma Tax
   Commission a fee of Three Dollars ($3.00) upon every vehicle to be
   registered or licensed, except for those licensed pursuant to
   subsection (c) of Section 1210.34 of Title 70 of the Oklahoma
   Statutes. Said fee shall accrue and shall be collectible upon each
   vehicle under the same circumstances and shall be payable in the same
   manner and times as apply to vehicle licenses and registrations under
   the provisions of the Oklahoma Vehicle License and Registration Act;
   provided, said fee shall be paid in full for the then current year at
   the time any vehicle is first registered in a calendar year.
   
   B. Two-thirds of the monies collected pursuant to this section shall
   be transferred by the Tax Commission each month to the State Treasurer
   for deposit in the General Revenue Fund. For the fiscal year beginning
   July 1, 1999, of the remaining one-third of the monies collected
   pursuant to this section each fiscal year, the first Four Hundred
   Thousand Dollars ($400,000.00) shall be transferred by the Tax
   Commission to the State Treasurer for deposit in the Motor Vehicle
   Driver Education Revolving Fund created in Section 2 of this act and
   any amount in excess of Four Hundred Thousand Dollars ($400,000.00)
   shall be transferred by the Tax Commission to the State Treasurer for
   deposit in the General Revenue Fund. For the fiscal year beginning
   July 1, 2000, and for each fiscal year thereafter, of the remaining
   one-third of the monies collected pursuant to this section each fiscal
   year, the first Nine Hundred Thousand Dollars ($900,000.00) shall be
   transferred by the Tax Commission to the State Treasurer for deposit
   in the Motor Vehicle Driver Education Revolving Fund created in
   Section 2 of this act and any amount in excess of Nine Hundred
   Thousand Dollars ($900,000.00) shall be transferred by the Tax
   Commission to the State Treasurer for deposit in the General Revenue
   Fund.
   
   C. The collection and payment of said fee shall be a prerequisite to
   license or registration of any vehicle, except for those licensed
   pursuant to subsection (c) of Section 1210.34 of Title 70 of the
   Oklahoma Statutes.
   

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