Okla. Stat. tit. 68, § 68-5301
This is the official text of Okla. Stat. tit. 68, § 68-5301, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Imposition of tax on new vehicles and vessels in lieu of
Official statutory text
ad valorem tax.
A. A tax is hereby imposed in lieu of the ad valorem tax on the
inventories of new automobiles, new trucks, new travel trailers, new
manufactured homes, new recreational vehicles and new motorcycles
owned and/or possessed for sale by Oklahoma licensed dealers,
licensed under the Oklahoma Vehicle License and Registration Act,
and on the inventories of new vessels and new motors owned and/or
possessed for sale by Oklahoma licensed dealers licensed pursuant to
the Oklahoma Vessel and Motor Registration Act. Said tax shall be
paid by the dealer on such new vehicles in lieu of the annual ad
valorem tax assessment of his average inventory of new vehicles, new
manufactured homes, new recreational vehicles, new vessels and new
motors, but shall not relieve any other property of the dealer from
ad valorem taxation.
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1513
B. Used motor vehicle dealers shall pay a tax in lieu of the ad
valorem tax on inventories of used motor vehicles as provided for in
Section 1137.1 of Title 47 of the Oklahoma Statutes.
A. A tax is hereby imposed in lieu of the ad valorem tax on the
inventories of new automobiles, new trucks, new travel trailers, new
manufactured homes, new recreational vehicles and new motorcycles
owned and/or possessed for sale by Oklahoma licensed dealers,
licensed under the Oklahoma Vehicle License and Registration Act,
and on the inventories of new vessels and new motors owned and/or
possessed for sale by Oklahoma licensed dealers licensed pursuant to
the Oklahoma Vessel and Motor Registration Act. Said tax shall be
paid by the dealer on such new vehicles in lieu of the annual ad
valorem tax assessment of his average inventory of new vehicles, new
manufactured homes, new recreational vehicles, new vessels and new
motors, but shall not relieve any other property of the dealer from
ad valorem taxation.
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1513
B. Used motor vehicle dealers shall pay a tax in lieu of the ad
valorem tax on inventories of used motor vehicles as provided for in
Section 1137.1 of Title 47 of the Oklahoma Statutes.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.