The registration fees herein imposed upon vessels and motors shall be for the purpose of reimbursing and providing funds for general governmental functions of the state, and when paid in full such fees shall be in lieu of all ad valorem taxes, general or local, to which such vessels and motors may be subject as personal property under the laws of this state.
Okla. Stat. tit. 63, § 4023
Purpose of fees - Payment in lieu of ad valorem taxes
Known as the Oklahoma Vessel and Motor Registration Act
The act spans §§ 63–63 (49 sections).
Added by Laws 1989, c. 346, § 23, eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.