Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Revenue and Taxation Code

Other Taxes

Part 5. Vehicle License Fee

Chapter 2. Imposition of Fee

Article 1. Computation of Fee

Section 10753.7

10753.7. Adjustment of fee. (a) Upon the sale or transfer of ownership of a used vehicle currently registered in this state, if any license fee due thereon has already been paid, no adjustment of the current year license fee shall be made.

(b) Any adjustment of vehicle license fees, based upon a redetermination of market value pursuant to subdivision (a) of Section 10753 and modification of vehicle license fee classification pursuant to Section 10753.2, shall occur upon the expiration of current registration and shall be reflected in the fees due for the first renewal of registration following the sale or transfer of ownership of that used vehicle.

History.—Added by Stats. 1991, Ch. 87, in effect June 30, 1991, operative August 1, 1991. Stats. 2003, Ch. 594 (SB 315), in effect January 1, 2004, substituted "Section 10753.2" for "Section 10753.1 or 10753.2" after "classification pursuant to" in the first sentence of subdivision (b).

Note.—Section 13, Stats. 1991, Ch. 88, clarified that the provisions of Section 10753.7 shall become operative August 1, 1991.