Oklahoma Tax Changes - January 2025
Electric Vehicle Charging Tax
- Due Date: The first return for Oklahoma's excise tax on "electric fuel" for EVs is due January 27, 2025.
- License Requirement: Owners of public EV charging stations must obtain a license and remit the tax.
- Registration: To register, complete Form 117 (Application for License(s) of Motor Fuels) and send it to the Oklahoma Tax Commission.
- Exemptions: Certain legacy chargers and free public charging stations are exempt from the tax. The Tax Commission has provided guidance on registration requirements.
Business Personal Property Valuation
- Valuation Schedule: The Oklahoma Tax Commission released the 2025 valuation schedule for business personal property tax.
- Purpose: This schedule aims to ensure equity in assessments for commercial and industrial properties, requiring true market value reporting.
Local Sales and Use Tax Changes
- Effective Date: Local sales and use tax changes will take effect on April 1, 2025.
- Changes:
- Foyil: Elimination of its current 4% use tax.
- Pond Creek: Increase in sales and use tax from 2% to 4%.
These updates reflect Oklahoma's ongoing adjustments to various tax regulations, impacting EV charging, property assessments, and local tax rates.
Oklahoma Cigarette, Alcohol & Miscellaneous Taxes—Oklahoma's first electric vehicle charging tax return, license form due date.
The first return for Oklahoma's new excise tax on sales of "electric fuel" dispensed to an electric vehicle (EV) battery, for the period of January 1, 2024, through December 31, 2024, is due January 27, 2025. Public electronic vehicle charging station owners must obtain a license and remit the tax. To register for an EV charging station license, complete Form 117 Application for License(s) of Motor Fuels, and mail it to the Oklahoma Tax Commission, Oklahoma City, OK 73194. Certain legacy chargers and public charging stations that have never charged a fee for their use are exempt from the tax, and certain other charging stations are excluded from the tax, so the Tax Commission has provided various EV charging station registration examples with information on which parties are and are not required to register and pay the tax. (DRIVE Act - Oklahoma HB 2234, Oklahoma Tax Commission, 01/01/2025; Oklahoma DRIVE Act Tax - Do You Need to Register?, Oklahoma Tax Commission, 01/01/2025.)
Oklahoma Property Tax—Oklahoma issues 2025 business personal property valuation schedule.
The Oklahoma Tax Commission released its 2025 valuation schedule for business personal property tax. The valuation schedule is provided to help achieve equity in personal property assessments of commercial and industrial establishments by applying the valuation guidelines uniformly. Property owners and assessing officials are required to report, value, or assess personal property at its true and full market value. (2025 Business Personal Property Valuation Schedule, Oklahoma Tax Commission, 01/01/2025.)
Oklahoma Sales and Use Tax Rates—Oklahoma announces second quarter local rate changes.
The Oklahoma Tax Commission announced local sales and use tax changes beginning April 1, 2025. Specifically, Foyil will eliminate its use tax (currently 4%) and Pond Creek will increase its sales and use tax to 4% (currently 2%). (Rates and Codes for Sales, Use, and Lodging Tax, Rates Effective April through June 2025, Oklahoma Tax Commission, 01/06/2025.)
Oklahoma Sales & Use Taxes—Oklahoma announces second quarter local rate changes.
The Oklahoma Tax Commission announced local sales and use tax changes beginning April 1, 2025. Specifically, Foyil will eliminate its use tax (currently 4%) and Pond Creek will increase its sales and use tax to 4% (currently 2%). (Rates and Codes for Sales, Use, and Lodging Tax, Rates Effective April through June 2025, Oklahoma Tax Commission, 01/06/2025.)
Oklahoma Cigarette, Alcohol & Miscellaneous Taxes—Oklahoma's first electric vehicle charging tax return, license form due date.
The first return for Oklahoma's new excise tax on sales of "electric fuel" dispensed to an electric vehicle (EV) battery, for the period of January 1, 2024, through December 31, 2024, is due January 27, 2025. Public electronic vehicle charging station owners must obtain a license and remit the tax. To register for an EV charging station license, complete Form 117 Application for License(s) of Motor Fuels, and mail it to the Oklahoma Tax Commission, Oklahoma City, OK 73194. Certain legacy chargers and public charging stations that have never charged a fee for their use are exempt from the tax, and certain other charging stations are excluded from the tax, so the Tax Commission has provided various EV charging station registration examples with information on which parties are and are not required to register and pay the tax. (DRIVE Act - Oklahoma HB 2234, Oklahoma Tax Commission, 01/01/2025; Oklahoma DRIVE Act Tax - Do You Need to Register?, Oklahoma Tax Commission, 01/01/2025.)
Oklahoma Property Tax—Oklahoma issues 2025 business personal property valuation schedule.
The Oklahoma Tax Commission released its 2025 valuation schedule for business personal property tax. The valuation schedule is provided to help achieve equity in personal property assessments of commercial and industrial establishments by applying the valuation guidelines uniformly. Property owners and assessing officials are required to report, value, or assess personal property at its true and full market value. (2025 Business Personal Property Valuation Schedule, Oklahoma Tax Commission, 01/01/2025.)
Oklahoma Sales and Use Tax Rates—Oklahoma announces second quarter local rate changes.
The Oklahoma Tax Commission announced local sales and use tax changes beginning April 1, 2025. Specifically, Foyil will eliminate its use tax (currently 4%) and Pond Creek will increase its sales and use tax to 4% (currently 2%). (Rates and Codes for Sales, Use, and Lodging Tax, Rates Effective April through June 2025, Oklahoma Tax Commission, 01/06/2025.)
Oklahoma Sales & Use Taxes—Oklahoma announces second quarter local rate changes.
The Oklahoma Tax Commission announced local sales and use tax changes beginning April 1, 2025. Specifically, Foyil will eliminate its use tax (currently 4%) and Pond Creek will increase its sales and use tax to 4% (currently 2%). (Rates and Codes for Sales, Use, and Lodging Tax, Rates Effective April through June 2025, Oklahoma Tax Commission, 01/06/2025.)