Changes to Existing Law

There shall be paidA person must pay to the secretary of transportation, at the time of the registration of registering an aircraft, an annual registration fee for each such the aircraft based upon its maximum permissible take-off weight, to be computed as follows: Weight in Pounds Rate 0 B 1,500 $ 25 50 1,501 B 2,000 40 80 2,001 B 3,000 55 110 3,001 B 4,000 70 140 4,001 B 5,000 85 170 5,001 B 6,000 100 300 6,001 B 10,000 125 375 10,001 B 12,499 150 450 12,500 B 15,000 200 600 15,001 and over 300 900 The fees in this section are subject to the provisions of §§ 50-11-14 to 50-11-17, inclusive §§ 50-11-15 and 50-11-16. Failure to pay the fees is a Class 2 misdemeanor.

21 -11-35. For aircraft leased for thirty-six calendar months or less, the original registration tax of four percent, as required under § 50-11-19, applies only to the scheduled lease payments, excluding fuel, routine maintenance, insurance, and crew, and shall must be paid by the lessee at the time payments are made to the lessor. For aircraft leased for more than thirty-six calendar months, by multiple short-term agreements or a long-term agreement, the original registration tax under § 50-11-19 shall be is assessed on the market value of the aircraft, as stated in the aircraft bluebook and digest, at the time registration is due as stated in the aircraft bluebook and price digest. The original registration tax shall be paid by the The owner of the aircraft must pay the original registration tax. A copy of the lease agreement shall must be provided to the department with the application for registration. If the lessee purchases the aircraft during the lease, any amount paid to the department for registration taxes under this chapter shall must be credited to taxes required under § 50-11-19. The annual registration fee required under §§ 50-11-12 and 50-11-14 § 50-11-12 applies for each aircraft under lease.