Utah Code 41-1a-1225. Credit for registering leased vehicle purchased by the lessee

41-1a-1225. Credit for registering leased vehicle purchased by the lessee.

(1)

The division shall provide a credit against the fees and taxes charged to a person registering a vehicle under Title 41, Chapter 1a, Motor Vehicle Act, if:

Division: means the Motor Vehicle Division of the commission, created in Section 41-1a-106. See Utah Code 41-1a-102
Motor vehicle: means a self-propelled vehicle intended primarily for use and operation on the highways. See Utah Code 41-1a-102
Person: means :Utah Code 68-3-12.5
Registration: means a document issued by a jurisdiction that allows operation of a vehicle or vessel on the highways or waters of this state for the time period for which the registration is valid and that is evidence of compliance with the registration requirements of the jurisdiction. See Utah Code 41-1a-102
Vehicle: includes a motor vehicle, trailer, semitrailer, off-highway vehicle, camper, park model recreational vehicle, manufactured home, and mobile home. See Utah Code 41-1a-102

(a)	immediately before purchasing the vehicle, the purchaser leased the vehicle and was a registrant of the vehicle; and

(b)	while leasing the vehicle and during the same registration period, the purchaser paid the fees and taxes charged for registering the vehicle under Title 41, Chapter 1a, Motor Vehicle Act.

(2)	The division shall apply the credit provided under Subsection (1) by allowing the registration period described in Subsection (1)(b) to remain in effect until expiration.

(3)	This section applies only to taxes and fees paid by, or on behalf of, the purchaser at the time of the registration described in Subsection (1)(b).

Enacted by Chapter 395, 2021 General Session