us-ok/stat
Okla. Stat. tit. 68, § 2103.1
Credit for replacement of vehicles destroyed in tornadoes
There shall be a credit allowed with respect to the excise tax paid for a vehicle which is:
# 1.
A replacement for a vehicle which was destroyed by a tornado in calendar year 2013 or any subsequent year for which a Presidential Major Disaster Declaration was issued, and upon which excise tax had been paid pursuant to the provisions of Section 2103 of this title on or after January 1, 2012; or
# 2.
A replacement for a vehicle which was destroyed by a tornado in calendar year 2012 or calendar year 2013 for which a Presidential Major Disaster Declaration was not issued, and upon which excise tax had been paid pursuant to the provisions of Section 2103 of this title on or after January 1, 2011.
The credit shall be in the amount of the excise tax which was paid for the destroyed vehicle and shall be applied to the excise tax due on the replacement vehicle. In no event shall the credit authorized by paragraphs 1 and 2 of this section be refunded.
Amendment history
Added by Laws 1999, c. 186, § 2, emerg. eff. May 21, 1999. Amended by Laws 2002, c. 190, § 1, emerg. eff. May 6, 2002; Laws 2003, c. 374, § 4, emerg. eff. June 4, 2003; Laws 2013, c. 370, § 4, emerg. eff. May 29, 2013; Laws 2014, c. 215, § 4, emerg. eff. May 2, 2014; Laws 2015, c. 54, § 21, emerg. eff. April 10, 2015. NOTE: Laws 2014, c. 329, § 4 repealed by Laws 2015, c. 54, § 22, emerg. eff. April 10, 2015.
Source: view the official text
Nearby sections (25 sections)
- 1908 · Corporate mortgages - Further loans - Additional tax
- 1909 · Property in more than one county - Apportionment
- 1910 · Mortgage tax turned into school fund
- 2001 · Return by manufacturer - Amount of taxes - Powers of county…
- 2002 · Tax, when delinquent - How enforced - Tax warrant
- 2003 · False oath to report - Penalty
- 2004 · Purposes of tax
- 2005 · Date of application of act
- 2006 · Partial invalidity
- 2101 · Definitions
- 2102 · Purpose of article - Apportionment of revenue
- 2103 · Tax on transfer of legal ownership, use and first registration…
- 2103.1 · Credit for replacement of vehicles destroyed in tornadoes
- 2104 · Value of vehicles
- 2104.1 · Repealed by Laws 2000, c. 250, § 10, eff. Oct. 1, 2000, and…
- 2104.3 · Manufactured home - Payment of tax - Valuation - Apportionment…
- 2105 · Exemptions
- 2106 · Excise tax in lieu of other taxes - Exemptions
- 2108 · Nonpayment of tax
- 2110 · Rental tax on motor vehicle rentals
- 2201 · Definitions
- 2202 · Classification of freight cars - Percentage of gross revenue -…
- 2203 · Tax not to exceed what ad valorem tax would have been - Review…
- 2204 · Disposition of taxes collected
- 2205 · Statements to be filed with Oklahoma Tax Commission