Oklahoma 2025 Regular Session

Oklahoma House Bill HB1392 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SENATE FLOOR VERSION - HB1392 SFLR Page 1
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	3	+	ENGR. H. B. NO. 1392 Page 1 1
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29		-	SENATE FLOOR VERSION
30		-	April 8, 2025
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33	28		ENGROSSED HOUSE
34	29		BILL NO. 1392 By: Provenzano of the House
35	30
36	31		and
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38	33		Pederson of the Senate
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45	42		An Act relating to counties and county officers;
46	43		amending 68 O.S. 2021, Section 1904, which relates to
47	44		county treasurer fee; modifying fee amount; and
48	45		providing an effective date.
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57	52		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
58	53		SECTION 1. AMENDATORY 68 O.S. 2021, Section 1904, is
59	54		amended to read as follows:
60	55		Section 1904. A. The following taxes are hereby levied on real
61	56		estate mortgages:
62	57		1. A tax of ten cents ($0.10) for each One Hundred Dollars
63	58		($100.00) and each remaining fraction thereof where such mortgage is
64	59		for five (5) years or more;
	60	+	2. A tax of eight cents ($0.08) for each One Hundred Dollars
	61	+	($100.00) for each mortgage where such mor tgage is for four (4)
	62	+	years or more but less than five (5) years;
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66		-	SENATE FLOOR VERSION - HB1392 SFLR Page 2
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	64	+	ENGR. H. B. NO. 1392 Page 2 1
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92		-	2. A tax of eight cents ($0.08) for each On e Hundred Dollars
93		-	($100.00) for each mortgage where such m ortgage is for four (4)
94		-	years or more but less than five (5) years;
95	89		3. A tax of six cents ($0.06) for each One Hundred Dollars
96	90		($100.00) where such mortgage is for three (3) years or more but
97	91		less than four (4) years;
98	92		4. A tax of four cents ($0.04) for each One Hundred Dollars
99	93		($100.00) where such mortgage is for two (2) years or more but less
100	94		than three (3) years; and
101	95		5. A tax of two cents ($0.02) for each One Hundred Dollars
102	96		($100.00) where such mortgage is for less than two (2) y ears.
103	97		If the principal debt or obligation secured by the mortgage is
104	98		less than One Hundred Dollars ($100.00), a tax of ten cents ($0.10)
105	99		shall be levied on such mortgage and shall be collected and paid as
106	100		provided for in this article.
107	101		B. In addition to th e taxes levied pursuant to the provisions
108	102		of subsection A of this section, the county treasurer shall collect
109	103		a fee of Five Dollars ($5.00) Ten Dollars ($10.00) on each mortgage
110	104		presented to the county treasurer for certification. The fees
111	105		collected pursuant to the provisions of this subsection shall be
112	106		deposited into a cash account to be known as the "County Treasurer's
113	107		Mortgage Certification Fee Account ". Monies from the account shall
114	108		be expended by the county treasurer in the lawful operation of the
115	109		treasurer's office.
	110	+	C. The tax provided for in subsection A of this section may be
	111	+	paid by the mortgagor, the mortgagee or any other interested party.
	112	+	SECTION 2. This act shall become effective November 1, 2025.
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117		-	SENATE FLOOR VERSION - HB1392 SFLR Page 3
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	114	+	ENGR. H. B. NO. 1392 Page 3 1
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143		-	C. The tax provided for in subsection A of this section may be
144		-	paid by the mortgagor, the mortgagee or any other interested party.
145		-	SECTION 2. This act shall become effective November 1 , 2025.
146		-	COMMITTEE REPORT BY: COMMITTEE ON LOCAL AND COUNTY GOVERNMENT
147		-	April 8, 2025 - DO PASS
	139	+	Passed the House of Represen tatives the 26th day of March, 2025.
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	144	+	Presiding Officer of the House
	145	+	of Representatives
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	149	+	Passed the Senate the _____ day of __________, 2025.
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	154	+	Presiding Officer of the Senate