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ENGROSSED SENATE
BILL NO. 894 By: Weaver and Hamilton of the
Senate
and
McBride of the House
An Act relating to the certificates of salvage title;
adding definition; authorizing application for
certificate of salvage title; specifying conditions
for application; specifying content of application;
authorizing the Oklahoma Tax Commission to require
information; authoriz ing the Commission to as sign
identifying number; providing salvage title and
application fees; providing for distributions of
certain fees; requiring delivery of title and
registration; requiring compliance with certain
registration requirements; providing for
codification; and providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STAT E OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 4009.2 of Title 63, unless there
is created a duplication in numb ering, reads as follows :
A. For the purposes of this section , a “salvage vessel” and a
“salvage outboard motor” means a vessel or outboard motor that is
being registered for the first time in this state or has not been
registered in this state within the previous fifteen (15) years, is
greater than twenty (20) years of age and has a fair cash value of
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less than Four Hundred Dollars ( $400.00), as prescribed by the
Oklahoma Tax Commission .
B. An individual in possession of a salvage vessel or salvage
outboard motor may submit an application for a certificate of
salvage title. The application for a certificate of salvage title
and registration for a vessel or an outboard motor shall be upon a
form furnished by the Oklahoma Tax Commission and shall contain:
1. A full description o f the vessel or outboard motor;
2. The manufacturer’s serial and model number or other
identification number;
3. The length of the ves sel;
4. Any distinguishing marks;
5. A bill of sale that contains the seller ’s name and address,
or a written statement from the applicant explaining the location or
the person from which the vessel or outboard motor was acquired;
6. Whether the vessel is a documented vessel and the number
assigned to such vessel; and
7. Such other information as the Commission may r equire.
C. In the absence of a dealer ’s or manufacturer’s number, the
Commission may assign such iden tifying number to the vessel , or
outboard motor, which shall be permanently stamped, burned or
pressed into or attached onto such vessel , or outboard motor.
D. The fees for certificate of salvag e titles shall be:
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1. Two Dollars and twenty-five cents ($2.25) for each
certificate of salvage title for any vessel or motor issued , which
charge shall be in addition to any excise taxes or fees imp osed by
law for such vessel or motor. One Dollar ($1.00) of each such fee
shall be deposited in the Oklahoma Tax Commission Reimbursement
Fund;
2. Two Dollars and twenty-five cents ($2.25) for a duplicate
certificate of salvage title, which shall be in addition to any
other fees imposed by this section. One Dollar ($1.00) of such fee
shall be deposited in the Oklahoma Tax Commission Reimbursement
Fund;
3. Eight Dollars ($8.00) for each security interest recorded on
a certificate of salvage title, which shall be in addition to any
other fees imposed by this s ection;
4. One Dollar ($1.00) for each copy of certificate of salvage
title information;
5. Two Dollars ($2.00) for each certified copy of certificate
of salvage title; and
6. Two Dollars ($2.00) for each security interest recorded on a
certificate of salvage title.
E. When an application for a new certificate of salvage title
or duplicate certificate of title for a vessel or motor is made to
the Commission or one of its motor license agents, an application
fee in the amount of One Dollar and twenty -five cents ($1.25) for
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the issuance of such certificate of title shall be charged and
collected.
F. Upon payment of all fees and taxes, a certificate of salvage
title, a certificate of registration and, for a salvage vessel, two
registration decals or, for a salvage outboard motor, one
registration decal shall be delivered to the applicant. Provided,
yearly decals shall be issued for salvage vessels and salvage
outboard motors titled and registered to the Department o f Public
Safety. Salvage vessels and salvage outboard motors shall be
subject to the registration requirements of the Oklahoma Vessel and
Motor Registration Act.
SECTION 2. This act shall become effective November 1, 2021.
Passed the Senate the 9th day of March, 2021.
Presiding Officer of th e Senate
Passed the House of Representatives the ____ day of __________,
2021.
Presiding Officer of the House
of Representatives