View Amendment Current Amendment: 1 to Bill 3650 The WAYS AND MEANS COMMITTEE proposes the following Amendment No. 1 to H. 3650 (COUNCIL\BBM\10137HTC11):

Reference is to the bill as introduced.

Amend the bill, as and if amended, by striking Section 12-37-2725 as contained in SECTION 1, beginning on page 1, and inserting:

     / Section 12-37-2725.      When the title to a licensed vehicle is transferred, or the owner of the vehicle becomes a legal resident of another state and registers the vehicle in the new state of residence, the license plate and registration certificate may be returned for cancellation. The license plate and registration certificate must be delivered to the auditor of the county of the vehicle's registration and tax payment. A request for cancellation must be made in writing to the auditor upon forms approved by the Department of Motor Vehicles Department of Motor Vehicles. Upon receipt of the license plate and registration, the department shall cancel that license plate and registration certificate, and may not reissue them without proof of payment of taxes. The department shall issue a receipt form 5051 to the transferor, showing the date the license plate and registration were turned in to the department. To receive a refund of property taxes paid on the vehicle, the transferor shall provide the form 5051 receipt to the county auditor of the county to which the vehicle taxes were paid. The auditor, upon receipt of the license plate, registration certificate, and the request for cancellation form 5051 receipt, written request for refund, and documentation proving that the vehicle was sold or the owner moved out of state, shall order and the treasurer shall issue a credit or refund of property taxes paid by the transferor on the vehicle. The amount of the refund or credit is that proportion of the tax paid that is equal to that proportion of the complete months remaining in that the vehicle tax year for which the vehicle was registered, calculated from the date the license plate was canceled, as shown on the form 5051 receipt. The auditor, within five days thereafter, shall deliver the license plate, registration certificate, and the written request for cancellation to the Department of Motor Vehicles. Upon receipt, the Department of Motor Vehicles shall cancel the license plate and registration certificate and may not reissue the same. /

Renumber sections to conform.
Amend title to conform.