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OK HB2445
Bill
Status
2/1/2016
Primary Sponsor
Terry O'Donnell
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AI Summary
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Establishes a $10.00 "Mandatory Transfer of Liability Fee" effective November 1, 2016, assessed when applying for a newly issued vehicle title or a duplicate title replacing one issued before that date
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Requires vehicle transferors to file a Mandatory Transfer of Liability Form with the Oklahoma Tax Commission or motor license agent, documenting VIN, title number, license plate, names and addresses of both parties, transfer date, and transferor signature
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Creates a rebuttable presumption that the transferee listed in Commission records is the vehicle owner and subject to civil and criminal liability arising from the vehicle's use, operation, or abandonment after the recorded transfer date
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Allocates the $10.00 fee with $7.00 retained by motor license agents and $3.00 apportioned to the Oklahoma Tax Commission Reimbursement Fund
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Exempts licensed used motor vehicle dealers from these requirements and imposes no penalties on vehicle owners who fail to file the form
Legislative Description
Motor vehicles; Mandatory Transfer of Liability Form; fee imposition and allocation; effective date.
Last Action
Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Revenue and Taxation Subcommittee sub-committee
2/9/2016