House
File
526
-
Introduced
HOUSE
FILE
526
BY
COMMITTEE
ON
TRANSPORTATION
(SUCCESSOR
TO
HF
194)
A
BILL
FOR
An
Act
relating
to
the
deadline
for
obtaining
a
registration
1
fee
credit
for
a
vehicle
that
is
sold,
transferred,
or
2
junked
or
for
a
motor
vehicle
purchased
by
a
lessee,
and
3
including
effective
date
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
TLSB
2038HV
(2)
85
dea/nh
H.F.
526
Section
1.
Section
321.46,
subsection
3,
paragraph
a,
Code
1
2013,
is
amended
to
read
as
follows:
2
a.
The
credit
shall
be
claimed
within
thirty
days
six
months
3
from
the
date
the
vehicle
for
which
credit
is
granted
was
sold,
4
transferred,
or
junked.
After
thirty
days
six
months
,
all
5
credits
shall
be
disallowed.
6
Sec.
2.
Section
321.46,
subsection
7,
Code
2013,
is
amended
7
to
read
as
follows:
8
7.
If
a
motor
vehicle
is
leased
and
the
lessee
purchases
9
the
vehicle
upon
termination
of
the
lease,
the
lessor
shall,
10
upon
claim
by
the
lessee
with
the
lessor
within
thirty
days
11
six
months
of
the
purchase,
assign
the
annual
registration
fee
12
credit
and
registration
plates
for
the
leased
motor
vehicle
to
13
the
lessee.
Credit
shall
be
applied
as
provided
in
subsection
14
3
.
15
Sec.
3.
EFFECTIVE
DATE.
This
Act
takes
effect
January
1,
16
2014.
17
EXPLANATION
18
Currently,
when
a
person
transfers
ownership
of
a
vehicle,
19
the
person
is
entitled
to
a
credit
of
the
unexpired
portion
20
of
the
annual
registration
fee
for
the
vehicle
that
was
sold,
21
transferred,
or
junked.
The
credit
is
processed
by
the
county
22
treasurer
and
is
applied
to
the
annual
registration
fee
for
23
a
vehicle
newly
acquired
by
the
person.
The
credit
must
be
24
claimed
within
30
days
of
the
date
the
vehicle
was
sold,
25
transferred,
or
junked.
If
the
credit
is
not
claimed
within
30
26
days,
the
person
has
six
months
in
which
to
apply
to
the
county
27
treasurer
or
the
department
of
transportation
for
a
refund
of
28
the
amount
of
the
unexpired
registration
fee
that
would
have
29
otherwise
been
available
as
a
credit.
30
This
bill
extends
the
period
in
which
a
person
may
apply
for
31
a
credit
of
unexpired
registration
fees
to
six
months.
32
Currently,
when
a
motor
vehicle
is
purchased
by
the
lessee
33
upon
termination
of
a
lease,
the
lessee
has
30
days
in
which
34
to
claim
a
credit
from
the
lessor
for
the
unexpired
portion
35
-1-
LSB
2038HV
(2)
85
dea/nh
1/
2
H.F.
526
of
the
annual
registration
fee
and
have
the
registration
fee
1
credit
and
registration
plates
for
the
leased
motor
vehicle
2
assigned
to
the
lessee.
The
bill
provides
that
the
lessee
has
3
six
months
in
which
to
make
the
claim
for
the
transfer
of
the
4
registration
fee
credit
and
the
registration
plates.
5
The
bill
takes
effect
January
1,
2014.
6
-2-
LSB
2038HV
(2)
85
dea/nh
2/
2