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.
