Section 61-3-529 - Schedule of fees for buses, motor vehicles having rated capacity of more than 1 ton, and truck tractors - proration - exemption(1)(a) There is an annual fee in lieu of property tax imposed on buses, trucks having a manufacturer's rated capacity of more than 1 ton, and truck tractors. The fee is in addition to annual registration fees.(b) The fee imposed by subsection (1)(a) is not required to be paid by a dealer of buses, trucks, or truck tractors that constitute inventory of the dealership.(2) Subject to the conditions of subsection (4), the owner of a bus, truck with a manufacturer's rated capacity of more than 1 ton, or truck tractor shall pay a fee in lieu of tax based on the age and manufacturer's rated capacity of the motor vehicle according to the following schedule: Age of Motor Vehicle | Rated Capacity (in pounds) |
(in years) | 16,999 or less | 17,000-26,999 | 27,000-54,999 | 55,000 or more |
1 or less | $117 | $167 | $284 | $375 |
2 | 109 | 150 | 250 | 300 |
3 | 100 | 134 | 220 | 266 |
4 | 92 | 117 | 184 | 242 |
5 | 83 | 109 | 160 | 195 |
6 | 75 | 100 | 134 | 167 |
7 | 66 | 91 | 117 | 147 |
8 | 58 | 83 | 100 | 125 |
9 | 50 | 75 | 92 | 109 |
10 | 41 | 58 | 79 | 92 |
11-12 | 33 | 50 | 67 | 76 |
13-14 | 28 | 37 | 52 | 61 |
15-16 | 25 | 30 | 38 | 47 |
17-18 | 18 | 26 | 29 | 36 |
19-20 | 13 | 19 | 22 | 26 |
21 or more | 10 | 12 | 16 | 20 |
(3) The age of the motor vehicle must be determined under 61-3-501.(4)(a) The manufacturer's rated capacity for a bus or truck with a manufacturer's rated capacity of more than 1 ton is the manufacturer's rated gross vehicle weight.(b) The manufacturer's rated capacity for a truck tractor is the manufacturer's rated gross combined weight.(5) Except as provided in 61-3-520, the fee in lieu of tax on a motor vehicle subject to this section that is brought or driven into this state by a nonresident person for hire, compensation, or profit must be prorated as determined and paid under 61-3-701.(6) The fee in lieu of tax may not be refunded.En. Sec. 33, Ch. 496, L. 1997; amd. Secs. 2, 3, 4, Ch. 500, L. 2001; amd. Sec. 118, Ch. 542, L. 2005; amd. Sec. 94, Ch. 596, L. 2005.