61-3-721. Proportional registration of fleet vehicles, annual registration periods, application, fee formula, and payment. (1) An owner of one or more fleets may register and license each fleet for operation in this state by filing an application with the department of transportation. The application must contain the information pertinent to vehicle registration that is required by the department of transportation.
     (2) Each fleet subject to the provisions of 61-3-711 through 61-3-733 must, except as provided in 61-3-318(1), be registered for an annual registration period based upon the date that the fleet is first registered in this state.
     (3) There are four annual registration periods, each of which begins on the first day of a calendar quarter. As used in this subsection, "calendar quarter" means the period of 3 consecutive months ending March 31, June 30, September 30, or December 31. The periods are:
     (a) January 1 through March 31          1st period
     (b) April 1 through June 30          2nd period
     (c) July 1 through September 30          3rd period
     (d) October 1 through December 31          4th period
     (4) Registration of a fleet of apportionable vehicles under subsection (2) must be renewed on or before the last day of the month for the designated annual registration period, unless a different registration period has been authorized pursuant to 61-3-716(2). The department shall provide for simultaneous registration of multiple fleets of apportionable vehicles in common ownership.
     (5) Except as provided in subsection (6), the application for each fleet may be accompanied by a fee payment computed by:
     (a) dividing in-state miles by total fleet miles as defined in the applicable agreement entered into pursuant to 61-3-711 through 61-3-733;
     (b) determining the total amount necessary to register each vehicle in the fleet for which registration is requested, based on the regular annual registration fees prescribed by 61-3-321 and chapter 10, part 2, and the property taxes that are due on the fleet;
     (c) multiplying the sum obtained under subsection (5)(b) by the fraction obtained under subsection (5)(a).
     (6) Each trailer and semitrailer in the fleet for which registration is requested will be assessed annual license or registration fees as prescribed by 61-3-321.
     (7) Applications submitted with fees may be recomputed by the department. The department shall furnish a statement showing the overpayment or balance due.
     (8) Applications submitted without fees must be computed by the department. The department shall furnish a statement showing the amount of fees due.

     History: En. Sec. 12, Ch. 206, L. 1963; amd. Sec. 2, Ch. 88, L. 1965; amd. Sec. 195, Ch. 316, L. 1974; amd. Sec. 1, Ch. 144, L. 1977; R.C.M. 1947, 53-712; amd. Sec. 2, Ch. 36, L. 1981; amd. Sec. 2, Ch. 414, L. 1983; amd. Sec. 5, Ch. 42, L. 1995; amd. Sec. 5, Ch. 88, L. 1995.