64:32:01:02Transfer

credit. A vehicle replacing a licensed vehicle may receive credit for licensing fees already paid on the replaced vehicle for that year. A unit which is the same age and weight class as a unit being replaced may receive a cab card and license plates upon payment of the three-dollar cab card fee. A unit which is newer or heavier than the unit being replaced may be licensed upon payment of the three-dollar cab card fee plus the difference between the license fee previously paid and the fee due on the replacement vehicle.

Source: 5 SDR 51, 5 SDR 53, effective January 2, 1979; 8 SDR 87, 8 SDR 134, effective July 1, 1982; transferred from § 61:03:01:02, SL 1985, ch 399, §§ 17, 18, effective April 15, 1985; 13 SDR 129, 13 SDR 134, effective July 1, 1987.