Vehicle Transfer Registration Fee Credit
Registration - fees and surcharges - appropriation. The act requires the department of revenue to give prorated credit for registration fees and surcharges on a vehicle that is sold before the vehicle's registration year ends. The credit is applied to vehicles subsequently registered.
To implement the act, $7,200 is appropriated to the department of revenue from the Colorado DRIVES vehicle services account in the highway users tax fund.
(Note: This summary applies to this bill as enacted.)