321.113 - AUTOMATIC REDUCTION. - Iowa Statutes

321.113 AUTOMATIC REDUCTION. 1. The annual registration fee for a motor vehicle shall not be automatically reduced under this section unless the fee is based on the value and weight of the motor vehicle as provided in section 321.109, subsection 1. 2. If a motor vehicle is more than seven model years old, the part of the annual registration fee that is based on the value of the vehicle shall be seventy-five percent of the rate as fixed when the motor vehicle was new and the total fee shall not be less than fifty dollars; except that if the registration is a renewal for a vehicle registered to the same owner prior to January 1, 2009, the annual registration fee shall not be more than the fee paid for the previous registration year. 3. If a motor vehicle is more than nine model years old, the part of the annual registration fee that is based on the value of the vehicle shall be fifty percent of the rate as fixed when the motor vehicle was new and the total fee shall not be less than fifty dollars; except that if the registration is a renewal for a vehicle registered to the same owner prior to January 1, 2009, the annual registration fee shall not be more than the fee paid for the previous registration year. 4. a. Except as provided in paragraph "b", if a motor vehicle is twelve model years old or older, the annual registration fee is fifty dollars; except that if the registration is a renewal for a vehicle registered to the same owner prior to January 1, 2009, the annual registration fee shall not be more than the fee paid for the previous registration year. b. If the registration is a renewal for a motor vehicle registered as an antique vehicle by the same owner prior to January 1, 2009, the annual registration fee shall be twenty-three dollars for a motor vehicle that is model year 1970 through 1983 and sixteen dollars for a motor vehicle that is model year 1969 or older. c. For purposes of determining the portion of an annual registration fee under paragraph "a" or "b" that is based upon the value of the motor vehicle, sixty percent of the annual registration fee is attributable to the value of the vehicle.          Section History: Early Form [SS15, § 1571-m7; C24, 27, 31, 35, § 4910; C39, § 5008.09; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 321.113]          Section History: Recent Form 82 Acts, ch 1062, § 15, 38; 2001 Acts, ch 132, §4, 24; 2001 Acts, ch 176, §65; 2008 Acts, ch 1113, §4, 11, 90 Referred to in § 321.115, 321.115A, 331.557