Used motor vehicles; authorizing Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission to regulate used powersports vehicle dealers. Effective date.

Removed provisions requiring used powersports vehicle dealers to purchase licenses, post bonds, and carry liability insurance.

Added eligibility criteria for 'exempt used powersports vehicle retailers' who must demonstrate their primary revenue source is used powersports vehicles.

Added requirement for retailers to apply annually to the Oklahoma Tax Commission for designation as an exempt retailer.

Changed from creating licensing fees to providing excise tax exemptions for qualifying used powersports vehicles.

Added new definitions for 'exempt used powersports vehicle retailer' and 'used powersports vehicle' including motorcycles, scooters, mopeds, ATVs, and utility vehicles.