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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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