The Oklahoma boat bill of sale is a document that is filled out and signed by a buyer and seller of a used boat to serve as a record of the transaction. This form will act as proof of ownership for the buyer, and it may be needed during the registration and titling process with the Oklahoma Tax Commission. The seller should also obtain a copy of the bill as proof of the sale for their own records. A completed form will list the agreed purchase price (upon which the excise tax will be based), a full description of the vessel, and the addition of any trailer or outboard motor.
Oklahoma Boat Registration/Titling
In Oklahoma, all vessels and outboard motors (greater than 10HP) have to be both titled and registered every year in order to be operational. New owners will need to transfer the title into their name through the Oklahoma Tax Commission – Motor Vehicle Division within thirty (30) days of the signing of the bill of sale or title assignment. This titling process can be accomplished as follows:
- Complete an Application for Original Boat/Motor Title (BM-26).
- Obtain assigned title from the previous owner. If the previous title doesn’t have verification on the back, complete a Boat or Outboard Motor Serial Number Confirmation (BM-10) form.
- If the assigned title is lost, complete the OTC Form 777 and attach proof of ownership (Bill of Sale).
- Bring the above documents and the assigned and notarized previous title and registration to a Tag Agent location.
- Pay title fee of $2.25 and registration fee (based on the boat’s age and original retail price).
- Pay excise tax.
Title certificates will be mailed to the applicant on the second business day after the transaction.