Revenue and taxation; motor vehicle excise tax; sales tax; motor vehicles; effective date; emergency.

HB 1295 removes a 1.25% sales tax on motor vehicle sales in Oklahoma that was previously applied to gross receipts. It amends Oklahoma tax code sections to eliminate this specific tax portion, clarifying that motor vehicle transactions are exempt from local sales and use taxes levied by cities or counties. The bill directly affects new and used vehicle buyers, dealers, and local jurisdictions that previously collected this tax. Key provisions include updating Section 1355 to remove the 1.25% tax requirement and confirming that vehicle sales remain exempt from local sales taxes as stated in existing law.