LAC 55:III.353 – Valuation of Vehicles under the Vehicle Registration License Tax Registered on or after January 1, 1990

A. For all Louisiana motor vehicle registrations that were issued prior to and expire on or after January 1, 1990, the renewal tax shall be assessed and collected as provided in §357, except that the value of the motor vehicle for purposes of the vehicle registration license tax shall be $10,000 at the time of the first renewal of the registration after
January 1, 1990, and for each subsequent renewal of the registration until such time as the motor vehicle is transferred to a new owner, or the registration is canceled and the license plate is returned to the Office of Motor Vehicles.
B. For all Louisiana motor vehicle registrations that are issued on or after January 1, 1990, the value of the motor vehicle shall be determined as provided in §355, except that the value of the motor vehicle for first and subsequent renewals shall remain the same as was determined at the initial registration and will remain the same until such time as the motor vehicle is transferred to a new owner, or the registration is canceled and the license plate is returned to the Office of Motor Vehicles.

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:463(A)(2).

HISTORICAL NOTE: Promulgated by the Department of Public Safety and Corrections, Office of Motor Vehicles, LR 23:1323 (October 1997).