Permits registrants of stolen motor vehicles, motorcycles or trailers to credit the unused portion of the requisite registration fee against any subsequent registration fees for other vehicles owned by the registrant.
STATE OF NEW YORK
________________________________________________________________________
2574
2015-2016 Regular Sessions
IN ASSEMBLY
January 20, 2015
___________
Introduced by M. of A. BRENNAN, ORTIZ, COLTON, LUPARDO -- Multi-Spon-
sored by -- M. of A. ABBATE, GALEF, HOOPER, LOPEZ -- read once and
referred to the Committee on Transportation
AN ACT to amend the vehicle and traffic law, in relation to authorizing
the proration of registration fees for stolen motor vehicles, motorcy-
cles or trailers
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 420 of the vehicle and traffic law is amended by
2 adding a new subdivision 9 to read as follows:
3 9. The commissioner shall, upon submission of written evidence from
4 the owner of a registered motor vehicle, motorcycle or trailer, that
5 such vehicle was reported stolen to the appropriate law enforcement
6 agency and/or the owner's automobile insurance company, and upon payment
7 of a transfer fee of seven dollars and seventy-five cents, credit the
8 unused portion of the registration fee paid for such vehicle against any
9 subsequent registration fee which becomes due for another motor vehicle,
10 motorcycle or trailer owned by the registrant. The amount of such credit
11 shall be computed by apportioning the registration fee for registering
12 the stolen vehicle between the number of months for which the registra-
13 tion fee was paid with the number of months remaining at the time such
14 vehicle was stolen. Whenever the amount of the credit as provided for
15 herein shall amount to other than a whole dollar amount, the credit
16 shall be rounded to the nearest twenty-five cents.
17 § 2. This act shall take effect on the first of September next
18 succeeding the date on which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01268-01-5
