SECTION 710:15-3-30. Dealers and manufacturers exemption

  Aircraft manufacturers and aircraft dealers are exempt from Oklahoma Aircraft Registration requirements, provided they have obtained an exemption license or dealer license from the Commission. The fee for the exemption license for manufacturers or for dealers is $250.00.

(1)   Manufacturers. Aircraft manufactured within the state (under an FAA approved type certificate) which are owned and in the physical possession of the manufacturer are exempt.

(2)   Dealers. Exemption from aircraft registration requirements for aircraft dealers is strictly limited to aircraft held for sale or resale. These aircraft are considered the dealers' stock or inventory and lose the exemption status if operated or used for purposes other than demonstration or testing. Aircraft registered to persons licensed by the State as dealers, but operated for personal or business use (other than demonstration or testing flights) must be registered under the Oklahoma Aircraft Registration laws and are subject to the levy of aircraft excise tax.

(3)   Dealer reports. Each aircraft dealer must keep a record of the purchases and sales of each aircraft. The records must show the name and address of the seller or buyer, as the case might be, and contain a description of the aircraft. Dealers must submit the dealer report described above to the Oklahoma Tax Commission, on or before the 20th day of the month following the particular purchase or sale. [See: 3 O.S. §254; 68 O.S. § 6003]

[Source: Amended at 18 Ok Reg 2805, eff 6-25-01; Amended at 36 Ok Reg 102, eff 8-11-19]