Iowa Admin. Code r. 761-400.60 - Credit of registration fees
(1)
Credit for unexpired registration
fee. The applicant may claim credit, as specified in Iowa Code section
321.46(3),
toward the registration fee for one newly acquired replacement vehicle. No
credit shall be given for an unexpired electric vehicle annual registration
fee ; however, an unexpired electric vehicle annual registration fee is eligible
for a refund as provided in rule
761-400.50 (321,326).
a. The credit may be claimed only when the
owner of the newly acquired vehicle is applying for a certificate of title and
registration (or just registration if the vehicle is not subject to titling
provisions) for the newly acquired vehicle.
b. For a junked vehicle, the date on the
junking certificate shall determine the date the vehicle was junked.
c. Excess credit shall not be applied toward
the registration fee for a second vehicle.
d. Credit shall be allowed for one or two
vehicles which have been sold, traded or junked toward one replacement vehicle.
Credit shall be based on the remaining unexpired months of the registration
year(s) of the vehicle(s) sold, traded or junked.
(2)
Credit for transfer to spouse,
parent or child. Credit shall be allowed toward a new registration for
a vehicle being transferred to the applicant from the applicant's spouse,
parent or child, or from a former spouse pursuant to a dissolution of marriage
decree, if application for the certificate of title and registration (or just
registration if the vehicle is not subject to titling provisions) is made
within 30 days after the date of transfer. If the owner is deceased, credit may
be transferred under rule
761-400.14 (321) of this
chapter.
(3)
Credit from/to
apportioned registration.
a.
Pursuant to Iowa Code section
321.46A, an owner may claim
credit toward the registration fees due when changing a vehicle's registration
from apportioned registration under Iowa Code chapter 326 to registration under
Iowa Code chapter 321. The owner shall surrender proof of apportioned
registration to the county treasurer. Credit shall be allowed for the unexpired
complete calendar months remaining in the registration year from the date the
application is filed with the county treasurer.
b. Pursuant to Iowa Code sections
321.126 and
321.127, the owner or lessee of
a motor vehicle may claim credit for the apportioned registration fees due when
changing the vehicle's registration from registration by the county treasurer
to apportioned registration. Application for apportioned registration shall be
submitted to the department's motor vehicle division; see 761-Chapter
500.
(4)
Assignment of credit and registration plates from lessor to
lessee. When a lessee purchases the leased vehicle and within 30 days
requests the assignment of the vehicle's fee credit and registration plates,
the lessor shall assign the registration fee credit and registration plates for
the purchased vehicle to the lessee.
(5)
Rounding. If credit from
two registration years or two registration fees, or some combination of both,
is available, the credits shall first be added together, then it shall be
determined whether the sum meets the minimum required under Iowa Code section
321.46(3)
"c," and then the sum shall be rounded to the nearest whole
dollar.
This rule is intended to implement Iowa Code sections 321.46, 321.46A, 321.48, 321.116, 321.117, 321.126 and 321.127.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.