Okla. Stat. tit. 68, § 68-1402
This is the official text of Okla. Stat. tit. 68, § 68-1402, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Excise tax on storage, use or other consumption of
Official statutory text
intangible personal property.
There is hereby levied and there shall be paid by every person
storing, using, or otherwise consuming within this state, tangible
personal property purchased or brought into this state, an excise
tax on the storage, use, or other consumption in this state of such
property at the rate of four and one-half percent (4.5%) of the
purchase price of such property. Said tax shall not be levied on
tangible personal property intended solely for use in other states,
but which is stored in Oklahoma pending shipment to such other
states or which is temporarily retained in Oklahoma for the purpose
of fabrication, repair, testing, alteration, maintenance, or other
service. The tax in such instances shall be paid at the time of
importation or storage of the property within the state and a
subsequent credit shall be taken by the taxpayer for the amount so
paid upon removal of the property from the state. Such tax is
hereby levied and shall be paid in an amount equal to four and one-
half percent (4.5%) of the purchase price of such tangible personal
property. Notwithstanding the provisions of this section, the tax
associated with a motor vehicle shall be paid by the consumer in the
same manner and time as the motor vehicle excise tax for said motor
vehicle is due.
There is hereby levied and there shall be paid by every person
storing, using, or otherwise consuming within this state, tangible
personal property purchased or brought into this state, an excise
tax on the storage, use, or other consumption in this state of such
property at the rate of four and one-half percent (4.5%) of the
purchase price of such property. Said tax shall not be levied on
tangible personal property intended solely for use in other states,
but which is stored in Oklahoma pending shipment to such other
states or which is temporarily retained in Oklahoma for the purpose
of fabrication, repair, testing, alteration, maintenance, or other
service. The tax in such instances shall be paid at the time of
importation or storage of the property within the state and a
subsequent credit shall be taken by the taxpayer for the amount so
paid upon removal of the property from the state. Such tax is
hereby levied and shall be paid in an amount equal to four and one-
half percent (4.5%) of the purchase price of such tangible personal
property. Notwithstanding the provisions of this section, the tax
associated with a motor vehicle shall be paid by the consumer in the
same manner and time as the motor vehicle excise tax for said motor
vehicle is due.
Status: in_force · Read it on the official government site
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