Ponca City, OK

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Tax hikes on tickets, car purchases among new Oklahoma laws

The Associated Press - July 2, 2017 9:39 am

Tax hikes on tickets, car purchases among new Oklahoma laws
OKLAHOMA CITY (AP) – Oklahomans will spend more money on tickets to professional sporting events and the purchase of vehicles under two new laws.
The laws hiking taxes on both of those purchases are among 61 pieces of legislation that took effect Saturday, the start of the state’s new fiscal year.
One of the measures is an omnibus $6.8 billion general appropriations bill that funds various state agencies.
Many of the bills are revenue measures that helped the Legislature close an estimated $878 million hole in the fiscal year 2018 budget. Among those is House Bill 2433, which adds a new 1.25 percent sales tax on motor vehicle purchases and is expected to generate about $123 million annually.

 

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