Plain English Breakdown
The bill did not pass and was not introduced, so there is no official text or summary available beyond what is provided here.
Changes to Vehicle Registration Fees
The bill proposes changes to the way county vehicle registration fees are calculated for vehicles in their seventh and eighth years of service or later.
What This Bill Does
- Amends the formula used to calculate county vehicle registration fees for specified vehicles, reducing the percentage from 15% to 10% for vehicles in their seventh year of service.
- Further reduces the percentage to 5% for vehicles in their eighth year and beyond.
Who It Names or Affects
- Vehicle owners who have had their cars registered for seven or more years.
Terms To Know
- Factory price
- The original cost of a vehicle as set by the manufacturer before any additional equipment is added.
- Special equipment value
- The extra cost of adding features or accessories to a vehicle that are not standard from the factory.
Limits and Unknowns
- The bill did not pass and was not introduced in the legislature.
- It is unclear how many people would be affected by these changes since it only applies to vehicles older than six years.