H.F. 2074 Section 1. Section 321.105A, subsection 2, paragraph c, 1 Code 2014, is amended by adding the following new subparagraph: 2 NEW SUBPARAGRAPH . (31) A motor vehicle transferred to a 3 nonprofit entity which is exempt from federal income taxation 4 pursuant to section 501(c)(3) of the Internal Revenue Code in a 5 transaction in which no consideration is given, for donation to 6 a needy individual served by the nonprofit entity. 7 Sec. 2. NEW SECTION . 321.118 Donated vehicles. 8 The annual registration fee is ten dollars for a motor 9 vehicle transferred to a nonprofit entity which is exempt 10 from federal income taxation pursuant to section 501(c)(3) 11 of the Internal Revenue Code in a transaction in which no 12 consideration is given, for donation to a needy individual 13 served by the nonprofit entity. 14 EXPLANATION 15 The inclusion of this explanation does not constitute agreement with 16 the explanation’s substance by the members of the general assembly. 17 This bill establishes an annual registration fee of $10 for 18 a motor vehicle that is transferred to a nonprofit entity in a 19 transaction involving no consideration for donation to a needy 20 individual. In addition, the bill provides an exemption from 21 the fee for new registration for such a vehicle. When the 22 vehicle is transferred from the nonprofit entity to the donee, 23 the annual registration fee would be the regular registration 24 fee for the vehicle. 25 -1- LSB 5725HH (3) 85 dea/tm 1/ 1