61-3-527. (Effective January 1, 1996) Fee in lieu of tax for motorcycles -- schedule of fees. (1) (a) There is a fee in lieu of property tax imposed on motorcycles. The fee is in addition to annual registration fees.
     (b) The fee imposed by subsection (1)(a) need not be paid by a dealer for motorcycles that constitute inventory of the dealership.
     (2) The owner of a motorcycle shall pay a fee based on the age of the motorcycle and the size of the engine, as follows:
     (a) The fee schedule for a motorcycle with an engine that measures from 1 cubic centimeter to 600 cubic centimeters is as follows:
     (i) less than 2 years old, $30;
     (ii) 2 years old and less than 5 years old, $25;
     (iii) 5 years old and less than 11 years old, $15; and
     (iv) 11 years old and older, $10.
     (b) The fee schedule for a motorcycle with an engine that measures from 601 cubic centimeters to 1,000 cubic centimeters is as follows:
     (i) less than 2 years old, $70;
     (ii) 2 years old and less than 5 years old, $55;
     (iii) 5 years old and less than 11 years old, $40; and
     (iv) 11 years old and older, $30.
     (c) The fee schedule for a motorcycle with an engine that measures 1,001 cubic centimeters and larger is as follows:
     (i) less than 2 years old, $110;
     (ii) 2 years old and less than 5 years old, $90;
     (iii) 5 years old and less than 11 years old, $65; and
     (iv) 11 years old and older, $40.
     (d) The age of a motorcycle is determined by subtracting the manufacturer's designated model year from the current calendar year.

     History: En. Sec. 1, Ch. 580, L. 1995.