61-3-530. Fee for trailers -- exception. (1) Except as provided in subsections (2) and (3), the owner of a trailer, pole trailer, or semitrailer that has a declared weight of less than 26,000 pounds shall pay the fee imposed pursuant to 61-3-521. The fee is a one-time fee and is:
     (a) for a trailer, pole trailer, or semitrailer with a declared weight under 6,000 pounds, $25 in calendar year 2004 and, in each subsequent year, $50; and
     (b) for a trailer, pole trailer, or semitrailer with a declared weight of 6,000 pounds or more, $65 in calendar year 2004 and, in each subsequent year, $130.
     (2) This section does not apply to a trailer, pole trailer, or semitrailer that has a declared weight of less than 26,000 pounds and that:
     (a) is registered through a proportional registration agreement under 61-3-721; or
     (b) constitutes inventory of a trailer, pole trailer, or semitrailer dealership.
     (3) Whenever a transfer of ownership of a trailer, pole trailer, or semitrailer described in subsection (1) occurs, the one-time fee required under subsection (1) must be paid by the new owner.
     (4) A person who permanently registers a trailer, pole trailer, or semitrailer as provided in this section shall pay an additional one-time fee of $1.25 at the time of registration for deposit in the state general fund. The department shall pay from the general fund an amount equal to the $1.25 fee collected under this section from each vehicle registration to the pension trust fund for payment of supplemental benefits provided for in 19-6-709.

     History: En. Sec. 10, Ch. 121, L. 1997; amd. Sec. 8, Ch. 402, L. 1997; amd. Sec. 42, Ch. 592, L. 2003.