SF 349 (LSB 2038SV (4) 85)

RELATING TO THE DEADLINE FOR OBTAINING A REGISTRATION FEE CREDIT FOR A VEHICLE THAT IS SOLD, TRANSFERRED, OR JUNKED OR FOR A MOTOR VEHICLE PURCHASED BY A LESSEE, AND INCLUDING EFFECTIVE DATE PROVISIONS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 321.46, subsection 3, paragraph a, Code 2013, is amended to read as follows:
   a.  The credit shall be claimed within thirty days
 
six months from the date the vehicle for which credit is granted was sold, transferred, or junked. After thirty days
 
six months, all credits shall be disallowed.
    Sec. 2.  Section 321.46, subsection 7, Code 2013, is amended to read as follows:
   7.  If a motor vehicle is leased and the lessee purchases the vehicle upon termination of the lease, the lessor shall, upon claim by the lessee with the lessor within thirty days
 
six months of the purchase, assign the annual registration fee credit and registration plates for the leased motor vehicle to the lessee. Credit shall be applied as provided in subsection 3.

    Sec. 3.  EFFECTIVE DATE.  This Act takes effect January 1, 2014.

______________________________
PAM JOCHUM

President of the Senate

______________________________
KRAIG PAULSEN

Speaker of the House

   I hereby certify that this bill originated in the Senate and is known as Senate File 349, Eighty-fifth General Assembly.

______________________________
MICHAEL E. MARSHALL

Secretary of the Senate
Approved _______________, 2013

______________________________
TERRY E. BRANSTAD

Governor