SB1387 — Sales and use tax; allowing the value of vehicle sold to be deducted from sales tax on vehicle purchase. Effective date.

SB1387 — Sales and use tax; allowing the value of vehicle sold to be deducted from sales tax on vehicle purchase. Effective date. · Informed CitizenrySB1387 amends Oklahoma statutes to expand sales and use tax exemptions for motor vehicles. The bill specifies that for motor vehicle purchases, the tax is exempt except for a portion equal to 1.25%…Open in Informed Citizenry