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STATE OF OKLAHOMA
1st Session of the 58th Legislature (2021)
COMMITTEE SUBSTITUTE
FOR ENGROSSED
SENATE BILL NO. 273 By: Quinn of the Senate
and
Miller of the House
COMMITTEE SUBSTITUTE
An Act relating to liens on personal property;
requiring registration with Oklahoma Tax Commission
for persons preparing certain notices; establishing
annual fee; providing exception; requiring inclusion
of certain information on notices; establishing
monetary penalty for violation; requiring
promulgation of rules by the Oklahoma Tax Commission;
providing for codification; and providing an
effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statu tes as Section 90 of Title 42, unless there is
created a duplication in numbering, reads as follows:
A person or persons charging a fee for the preparation or
assistance in preparation of notices required by Chapter 2 of Title
42 of the Oklahoma Statutes, other than a person licensed under
Title 5 of the Oklahoma Statutes, shall register with and submit a
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Fifty-Dollar annual fee to the Oklahoma Tax Commission ; provided,
however, such requirements shall not apply to a lawful possessor or
employee of a lawful possessor of the property for which such
notices are issued. All documentation related to notices prepared
by a person required to register pursuant to this section shall
include the name of the person. A penalty of One Hundred Dollars
($100.00) shall be imposed upon a person who prepares or assists in
the preparation of notices in violation of the requirements of this
section. The Oklahoma Tax Commission shall promulgate rules to
effectuate the requirements of this section.
SECTION 2. This act shall become effective January 1, 2022.
58-1-8079 JL 04/06/21