An Act
ENROLLED 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 certain notices; establis hing
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.
SUBJECT: Liens on personal property
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 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
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
ENR. S. B. NO. 273 Page 2
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 o f 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.
ENR. S. B. NO. 273 Page 3
Passed the Senate the 5th day of May, 2021.
Presiding Officer of the Senate
Passed the House of Representatives the 14th day of April, 2021.
Presiding Officer of the House
of Representatives
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of _________________ __, 20_______, at _______ o'clock _______ M.
By: _______________________________ __
Approved by the Governor of the State of Oklahom a this _________
day of _________________ __, 20_______, at ______ _ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this _______ ___
day of __________________, 20 _______, at _______ o'clock ______ _ M.
By: _______________________________ __