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ENGROSSED SENATE
BILL NO. 273 By: Quinn of the Senate
and
Miller of the House
An Act relating to liens on personal property;
requiring registration with Oklahoma Tax Commission
for persons preparing cert ain notices; establishing
annual fee; providing exception; requiring inclusion
of certain information on notices; establi shing
monetary penalty for violation; requiring
promulgation of rules by the Oklahoma Tax Commiss ion;
providing for codification; a nd 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 Statutes as S ection 90 of Title 42, unless there is
created a duplication in numb ering, reads as follows:
A person who prepares or assists in the preparation of notices
required by Chapter 2 of Title 42 of the Oklahoma S tatutes shall
register with and submit a 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 p ossessor 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
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penalty of One Hundred Dollars ($100 .00) shall be imposed u pon 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 November 1, 2021.
Passed the Senate the 10th day of March, 2021.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of ________ __,
2021.
Presiding Officer of the House
of Representatives