1. (1)

   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.
   2. (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. (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. (3) The age of the motor vehicle must be determined under 61-3-501.

4. (4)

   1. (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.
   2. (b) The manufacturer's rated capacity for a truck tractor is the manufacturer's rated gross combined weight.
5. (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. (6) The fee in lieu of tax may not be refunded.

History: 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.