ENGROSSED HOUSE
BILL NO. 1119	By:	Rousselot of the House

				and

		David of the Senate

An Act relating to revenue and taxation; amending 68 O.S. 2011, Section 3203, which relates to documentary tax stamp; modifying information required on certain deeds.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     68 O.S. 2011, Section 3203, is amended to read as follows:
Section 3203.  A.  The taxes imposed by Section 3201 of this title shall be paid by any person who makes, signs, issues, or sells any of the documents and instruments subject to the taxes imposed by Section 3201 of this title, or for whose use or benefit the same are made, signed, issued or sold.
B.  Only documentary stamps shall be used in payment of the tax imposed by Section 3201 of this title.  The requisite stamps shall be affixed to the deed, instrument, or other writing by which the realty is conveyed.  Said tax is not to be considered paid until the requisite stamps are affixed to the deed, instrument, or other writing by which the realty is conveyed, which stamps must be affixed before the deed is accepted for recording.
C.  The name and mailing address of the buyer or grantee shall be shown on the face of the any deed, instrument or other writing by which the realty property is conveyed prior to the recording of such deed, instrument or other writing.
Passed the House of Representatives the 11th day of March, 2013.

	
	Presiding Officer of the House
	of Representatives

Passed the Senate the ___ day of __________, 2013.

	
	Presiding Officer of the Senate