House Journal: Page 1484: Wednesday, April 25, 2001
41 certificate of title shall be delivered by the
42 department to the person holding the first security
43 interest or encumbrance as shown on the certificate of
44 title."
45 2. Page 1, by inserting after line 35 the
46 following:
47 "Sec. 101. Section 321.113, Code 2001, is amended
48 to read as follows:
49 321.113 AUTOMATIC REDUCTION.
50 1. The registration fee for a motor vehicle shall
Page 2
1 not be automatically reduced under this section unless
2 the registration fee is based on the value and weight
3 of the motor vehicle as provided in section 321.109,
4 subsection 1.
5 2. After If a motor vehicle is more than five
6 model years old, that the part of the registration fee
7 which that is based on the value of the vehicle shall
8 be:
9 Seventy-five seventy-five percent of the rate as
10 fixed when the motor vehicle was new;.
11 3. After If a motor vehicle is more than six model
12 years old, the part of the registration fee that is
13 based on the value of the vehicle shall be fifty
14 percent; of the rate as fixed when the motor vehicle
15 was new.
16 After a motor vehicle is more than eight model
17 years old, that part of the registration fee based on
18 the value of the vehicle shall be ten percent. Where
19 the ninth registration fee for a motor vehicle has
20 been computed and fixed by the department prior to
21 July 4, 1949, there shall be added to the registration
22 fee, in lieu of the ten percent provided for herein,
23 one dollar if such registration fee has been computed
24 and fixed at fifteen dollars or less and two dollars
25 if the registration fee has been computed and fixed at
26 more than fifteen dollars.
27 4. If a 1994 model year or newer motor vehicle is
28 nine model years old or older the registration fee is
29 thirty-five dollars. For purposes of determining the
30 portion of the registration fee under this subsection
31 that is based upon the value of the motor vehicle,
32 sixty percent of the registration fee is attributable
33 to the value of the vehicle.
34 5. a. If a 1993 model year or older motor vehicle
35 has been titled in the same person's name since the
36 vehicle was new or the title to the vehicle was
37 transferred prior to January 1, 2002, the part of the
38 registration fee that is based on the value of the
39 vehicle shall be ten percent of the rate as fixed when
© 2001 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Apr 26 13:35:00 CDT 2001
URL: /DOCS/GA/79GA/Session.1/HJournal/01400/01484.html
jhf