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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
SENATE BILL 313 By: Jett
AS INTRODUCED
An Act relating to collection of delinquent taxes;
amending 68 O.S. 2021, Section 3130, which relates to
monies received at resale of prope rty; requiring
transfer of excess proceeds to the State Treasurer
for deposit in the Unclaimed Property Fund; and
providing an effective date .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 3130, is
amended to read as follows:
Section 3130. A. Monies received by the county treasurer at
resale from individual purchasers, not redemptioners, shall
nevertheless be deemed to be collections of tax, and if no
redemption be had before issuance and delivery of a deed therefor,
the tax monies so collected, not including excess proceeds to be
held for the owner thereof, shall be credited and apportioned as
such taxes would have been apportioned had they been paid in the
proper time and manner, and the monies so collected representing
penalties on ad valore m tax, listing fees and publication costs
shall be credited to the “resale property fund ” of such county as
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hereinafter provided. In instances where vacant lots are offered
for sale for both ad valorem taxes and special improvement taxes,
but are sold for less than the total sum due, the county treasurer
shall, after deducting the listing fees and publication costs,
apportion the proceeds of such sale ratably between the ad valor em
and special improvement tax accounts in the same ratio such proceeds
bear to the total tax published as due for such resale.
B. If, after all reasonable efforts to return the excess
proceeds to the owner of the property resold pursuant to the
provisions of Section 3105 et seq. of this title, the proceeds shall
be remitted to the State Treasurer for deposit in the Unclaimed
Property Fund created pursuant to Section 668 of Title 60 of the
Oklahoma Statutes.
SECTION 2. This act shall becom e effective November 1, 2025.
60-1-1555 QD 12/31/2024 12:05:51 AM