La. Admin. Code tit. 55 § III-357

Current through Register Vol. 50, No. 9, September 20, 2024

Section III-357 - Assessment of the Vehicle Registration License Tax

A. Every motor vehicle registered in Louisiana shall be subject to the motor vehicle license tax at a rate implemented in R.S. 47:463(A)(2) as amended by Acts 1989, Second Extraordinary Session, Number 23, §1. The vehicle registration license tax shall be assessed and collected at the time of acquisition and initial registration and at each subsequent renewal of the registration until such time as the motor vehicle is transferred to a new owner, or the registration is canceled and the license plate is returned to the Office of Motor Vehicles.

B. The vehicle registration license tax shall be assessed and collected as follows.

1. Each motor vehicle shall be taxed at a minimum of $10 per year for the first $10,000 value, plus $1 per $1,000 value in excess of $10,000.

2. For the purpose of computing the additional tax of $1 per each $1,000 value, any amount of $500 or more shall be rounded off to the next highest $1,000 and any amount less than $500 shall be disregarded.

3. Except as otherwise provided in this Subchapter, the value of the motor vehicle shall be determined at the time of the first registration.

La. Admin. Code tit. 55, § III-357

Promulgated by the Department of Public Safety and Corrections, Office of Motor Vehicles, LR 23:1324 (October 1997).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:463(A)(2).