HB 1064 Summary

• Removes the registration fee credit for vessels and motors that were stolen from their owners within 90 days of purchase.

• Eliminates the excise tax exemption for vessels and motors obtained by inheritance, requiring heirs to pay applicable taxes and fees.

• Amends Oklahoma's vessel and motor registration statutes (63 O.S. 2001, Sections 4021 and 4106) to close these exemptions effective July 1, 2011.

• Declares an emergency, making the act effective immediately upon passage and approval rather than waiting for the standard effective date.