Senator KIMBRELL proposed the following amendment (3865R001.SP.JK):

Amend the bill, as and if amended, by adding appropriately numbered new SECTIONS to read:

/SECTION __. Section 50-23-20 of the 1976 Code is amended to read:

"Section 50-23-20. Any watercraft or and outboard motor, or both, held or principally used in this State must be dually titled by the department. An owner of a watercraft or and outboard motor titled in this State must notify the department within thirty days if ownership is transferred to another person, entity, or transferred out of state or otherwise disposed."

SECTION__. Section 50-23-35 of the 1976 Code is amended to read:

"Section 50-23-35. (A) No dual title for a watercraft or and outboard motor may be issued by the department if currently titled in this State or titled or registered in another state unless it is accompanied by a receipt from the applicant's appropriate county official stating payment of ad valorem taxes due for the tax year in which the ownership was initiated has been paid. Applications submitted more than one year after ownership was initiated must be accompanied by paid tax receipts for all subsequent years up to the date the application was accepted by the department.

(B) A dual title for a watercraft or and outboard motor sold by a permitted marine dealer is exempt from the requirement for a paid tax receipt and may be titled by the department without the receipt indicating ad valorem taxes have been paid. The department must transmit daily a list of the titles and certificates of registration issued under this exemption to the respective county official for collection of ad valorem taxes.

(C) No receipt is required for a watercraft or and outboard motor designated as exempt from ad valorem taxes by the appropriate county official, provided that each county makes such a determination when a watercraft or and outboard motor is dually titled in their respective county." /