EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

1-1 Section 1. NRS 371.050 is hereby amended to read as follows:

1-2 371.050 1. Except as otherwise provided in subsections 3 and 4,

1-18 suggested retail price in Nevada with respect to any vehicle because the

2-1 vehicle is specially constructed, or for any other reason, the department

2-2 shall determine the valuation upon the basis of [35 percent] the applicable

2-3 percentage pursuant to subsection 1 of the original retail price to the

2-4 original purchaser of the vehicle as evidenced by such document or

2-5 documents as the department may require.

2-6 3. For each:

2-7 (a) Bus, truck, truck tractor or combination of vehicles having a

2-8 declared gross weight of 10,000 pounds or more; and

2-9 (b) Trailer or semitrailer having an unladen weight of 4,000 pounds or

2-10 more,

2-11 the department may use 85 percent of the original purchaser’s cost price in

2-12 lieu of the manufacturer’s suggested retail price.

2-13 4. If the department is unable to determine the original manufacturer’s

2-14 suggested retail price in Nevada, or the original retail price to the

2-15 purchaser, the department may determine the original value of the vehicle

2-16 on the basis of 50 cents per pound.

2-17 5. For motor carriers which register pursuant to the provisions of the

2-18 Interstate Highway User Fee Apportionment Act, the department may

2-19 determine the original purchaser’s cost price of the vehicle on the basis of

2-20 its declared gross weight in a manner which the department finds

2-21 appropriate and equitable.

2-22 Sec. 2. NRS 371.060 is hereby amended to read as follows:

2-23 371.060 1. Except as otherwise provided in subsection 2, each

2-41 11 years 45 percent

3-1 12 years 40 percent

3-2 13 years 35 percent

3-3 14 years 30 percent

3-4 15 years 25 percent

3-5 16 years 20 percent

3-6 17 years 15 percent

3-7 18 years 10 percent

3-8 19 years or more 5 percent

3-9 2. Each bus, truck or truck tractor having a declared gross weight of

3-10 10,000 pounds or more and each trailer or semitrailer having an unladen

3-11 weight of 4,000 pounds or more must be depreciated by the department for

3-12 the purposes of the annual privilege tax according to the following

3-13 schedule:

3-14 Percentage of

3-15 Age Initial Value

3-16 New 100 percent

3-17 1 year 75 percent

3-18 2 years 59 percent

3-19 3 years 47 percent

3-20 4 years 37 percent

3-21 5 years 28 percent

3-22 6 years 23 percent

3-23 7 years 20 percent

3-24 8 years 17 percent

3-25 9 years or more 15 percent

3-26 10 years or more 13 percent

3-27 3. [Notwithstanding any other provision of this section,] Each vehicle

3-28 not subject to the provisions of subsection 1 or 2 must be depreciated by

3-29 the department for the purposes of the annual privilege tax according to

3-30 the following schedule:

3-31 Percentage of

3-32 Age Initial Value

3-33 New 100 percent

3-34 1 year 85 percent

3-35 2 years 75 percent

3-36 3 years 65 percent

3-37 4 years 55 percent

4-1 5 years 45 percent

4-2 6 years 35 percent

4-3 7 years 25 percent

4-4 8 years 15 percent

4-5 9 years or more 5 percent

4-6 4. Except as otherwise provided in subsection 5, the minimum amount

4-7 of privilege tax:

4-8 (a) On any trailer having an unladen weight of 1,000 pounds or less :

4-9 (1) For a trailer first registered in Nevada on or after July 1, 2000,

4-10 or the ownership of which is transferred on or after that date, is $5; or

4-11 (2) For a trailer not subject to the provisions of subparagraph (1), is

4-12 $3; and

4-13 (b) On any other vehicle :

4-14 (1) For a vehicle first registered in Nevada on or after July 1, 2000,

4-15 or the ownership of which is transferred on or after that date, is $9; or

4-16 (2) For a vehicle not subject to the provisions of subparagraph (1),

4-17 is $6.

4-18 [4.] 5. The minimum amount of privilege tax on a bus, truck or truck

4-19 tractor having a declared gross weight of 10,000 pounds or more or a

4-20 trailer or semitrailer having an unladen weight of 4,000 pounds or more

4-21 is $6.

4-22 6. For the purposes of this section, a vehicle shall be deemed a "new"

4-23 vehicle if the vehicle has never been registered with the department and has

4-24 never been registered with the appropriate agency of any other state, the

4-25 District of Columbia, any territory or possession of the United States or any

4-26 foreign state, province or country.

4-27 Sec. 3. NRS 482.480 is hereby amended to read as follows:

4-28 482.480 There must be paid to the department for the registration or

4-41 482.381, 482.3812, 482.3814 or 482.3816, a fee for registration of $12.

5-1 (c) For each of the ninth or more such cars registered to a person for

5-2 which special license plates have been issued pursuant to NRS 482.380,

5-3 482.381, 482.3812, 482.3814 or 482.3816, a fee for registration of $8.

5-4 3. The fees specified in subsection 2 do not apply:

5-5 (a) Unless the person registering the cars presents to the department at

5-6 the time of registration the registrations of all of the cars registered to him.

5-7 (b) To cars that are part of a fleet.

5-8 4. For every motorcycle, a fee for registration of $33 and for each

5-9 motorcycle other than a trimobile, an additional fee of $6 for motorcycle

5-10 safety. The additional fee must be deposited in the state highway fund for

5-11 credit to the account for the program for the education of motorcycle riders.

5-12 5. For each transfer of registration, a fee of $6 in addition to any other

5-13 fees.

5-14 6. To reinstate the registration of a motor vehicle suspended pursuant

5-15 to NRS 485.317:

5-16 (a) A fee of $250 for a registered owner who failed to have insurance on

5-17 the date specified in the form for verification that was mailed by the

5-18 department pursuant to subsection 2 of NRS 485.317; or

5-19 (b) A fee of $50 for a registered owner of a dormant vehicle who

5-20 canceled the insurance coverage for that vehicle or allowed the insurance

5-21 coverage for that vehicle to expire without first canceling the registration

5-22 for the vehicle in accordance with subsection 3 of NRS 485.320,

5-23 both of which must be deposited in the account for verification of insurance

5-24 which is hereby created in the state highway fund. Money in the account

5-25 must be used to carry out the provisions of NRS 485.313 to 485.318,

5-26 inclusive.

5-27 7. For every travel trailer, a fee for registration of $27.

5-28 8. For every permit for the operation of a golf cart, an annual fee of

5-29 $10.

5-30 9. For every low-speed vehicle, as that term is defined in section 5 of

5-31 this act, a fee for registration of $100.

5-32 Sec. 4. NRS 482.480 is hereby amended to read as follows:

5-33 482.480 There must be paid to the department for the registration or

5-42 for registration of $16.50.

6-1 (b) For each of the seventh and eighth such cars registered to a person, a

6-2 fee for registration of $12.

6-3 (c) For each of the ninth or more such cars registered to a person, a fee

6-4 for registration of $8.

6-5 3. The fees specified in subsection 2 do not apply:

6-6 (a) Unless the person registering the cars presents to the department at

6-7 the time of registration the registrations of all of the cars registered to him.

6-8 (b) To cars that are part of a fleet.

6-9 4. For every motorcycle, a fee for registration of $33 and for each

6-10 motorcycle other than a trimobile, an additional fee of $6 for motorcycle

6-11 safety. The additional fee must be deposited in the state highway fund for

6-12 credit to the account for the program for the education of motorcycle riders.

6-13 5. For each transfer of registration, a fee of $6 in addition to any other

6-14 fees.

6-15 6. To reinstate the registration of a motor vehicle suspended pursuant

6-16 to NRS 485.317:

6-17 (a) A fee of $250 for a registered owner who failed to have insurance on

6-18 the date specified in the form for verification that was mailed by the

6-19 department pursuant to subsection 2 of NRS 485.317; or

6-20 (b) A fee of $50 for a registered owner of a dormant vehicle who

6-21 canceled the insurance coverage for that vehicle or allowed the insurance

6-22 coverage for that vehicle to expire without first canceling the registration

6-23 for the vehicle in accordance with subsection 3 of NRS 485.320,

6-24 both of which must be deposited in the account for verification of insurance

6-25 which is hereby created in the state highway fund. Money in the account

6-26 must be used to carry out the provisions of NRS 485.313 to 485.318,

6-27 inclusive.

6-28 7. For every travel trailer, a fee for registration of $27.

6-29 8. For every permit for the operation of a golf cart, an annual fee of

6-30 $10.

6-31 9. For every low-speed vehicle, as that term is defined in section 5 of

6-32 this act, a fee for registration of $100.

6-33 Sec. 5. Chapter 484 of NRS is hereby amended by adding thereto a

6-43 in Federal Motor Safety Standard No. 500 at 49 CFR § 571.500.

7-1 2. A low-speed vehicle may not be operated upon a highway where

7-2 the posted speed limit is greater than 35 miles per hour, except to cross

7-3 such a highway at an intersection.

7-4 Sec. 6. 1. This section and sections 3 and 5 of this act become

7-5 effective on July 1, 1999.

7-6 2. Sections 1 and 2 of this act becomes effective on July 1, 2000.

7-7 3. Section 4 of this act becomes effective at 12:01 a.m. on January 1,

7-8 2001.

7-9 4. Section 3 of this act expires by limitation on January 1, 2001.