Odometer
Disclosure Exemptions
2014
The Oklahoma Tax
Commission offers the following guidance concerning exemptions to the odometer
disclosure requirement.
Vehicles that
are exempt from odometer disclosure include:
- Vehicles
which are not self-propelled, such as travel trailers. Odometer disclosure
applies only to motor vehicles.
- All-terrain
vehicles (ATVs), off-road motorcycles (ORMs), utility vehicles (UVs) and
low and medium speed electrical vehicles.
- Transfer
of new motor vehicles from dealer to dealer on the MSO.
- Motor
vehicles that are ten (10) years old or older. To make this determination,
subtract ten (10) from the calendar year of assignment.
Example: 2014 – 10 = 2004. 2004 models on which ownership is
assigned in 2014 (or thereafter) are exempt from odometer disclosure
requirements.
- Motor
with a gross vehicle weight rating over 16,000 lbs. Any truck over two
tons is exempt.
In addition,
Odometer Disclosure Statements are NOT required in the following situations:
- A
title is issued to change an existing owner’s name only, such as marriage.
Disclosure statements are required, however, if adding or dropping a name
from a title at the same time.
- Ownership
of a vehicle is changed because of an involuntary divestiture (without
owner involvement).
- Involuntary divestitures include, but are not limited to,
court order, mechanic’s/storage lien,
repossession and probation of an estate.
- In such situations, a current odometer reading will be
required, unless the vehicle is otherwise exempt (i.e. over 10 years old)
by Federal law.
- Vehicles
purchased outside the United States.
- Transfers
between a revocable trust and a trustee of the trust.