This bill allows owners of Class B or Class C trailers in Colorado to register their trailers permanently for the duration of their ownership. To do so, owners must pay a one-time fee covering 10 years of the specific ownership tax, plus an additional $24.50 in registration fees. Upon transferring ownership of the trailer, the original owner is required to notify the Department of Revenue. Failure to provide this notification may result in a three-year suspension of the individual's privilege to register trailers under this provision.
Summary
The bill authorizes the owner of a trailer to register the trailer for
as long as the person owns the trailer. The trailer must be class B or class C personal property. To register the trailer, the owner must pay:
•
10 years of specific ownership tax; and
•
$24.50 to cover fees.
Upon the transfer of ownership of the trailer, the owner is required to notify the department of revenue of the transfer. The department will notify the owner of this requirement. If the owner fails to make the notification, the department may suspend the person's authority to register a trailer under the bill for 3 years. Procedures are set for implementing the suspension.
