LD 1783 LR 2280(02)
An Act To Amend the Motor Vehicle Laws
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Transportation
Fiscal Note Required: Yes
Fiscal Note
Current biennium revenue increase - Highway Fund
Future biennium revenue decrease - Highway Fund
Fiscal Detail and Notes
Lowering from 30,000 to 20,000 the minimum number of semitrailer registrations per owner or company required to qualify for 25-year permanent registrations would increase the number of permanent registrations issued in the first year or two after implementation and increase Highway Fund revenue in those years. Future revenue would be reduced as fewer registrations would need to be renewed until 25 years later. It is not known how many companies would take advantage of this provision and no revenue estimate is made. Additional costs to the Department of Secretary of State associated with this legislation can be absorbed within existing budgeted resources.