IC 9-18.1-5-11: Partial year registration

Sec. 11. (a) This section applies to the following vehicles:

(1) A trailer with a declared gross weight greater than nine thousand (9,000) pounds.

(2) A truck with a declared gross weight greater than eleven thousand (11,000) pounds.

(3) A tractor used with a semitrailer with a declared gross weight greater than eleven thousand (11,000) pounds.

(4) A for-hire bus with a declared gross weight greater than eleven thousand (11,000) pounds.

(b) The fee to register a vehicle listed in subsection (a) for a period other than twelve (12) months is the amount determined under the following formula:

STEP ONE: Determine the number of months remaining until the vehicle's next registration date under IC 9-18.1-11-3. A partial month shall be rounded to one (1) month.

STEP TWO: Multiply the STEP ONE result by one-twelfth (1/12).

STEP THREE: Multiply the STEP TWO product by the applicable registration fee under this chapter for the vehicle.

(c) A fee described in subsection (b) shall be distributed in the same manner as the applicable registration fee under this chapter for the vehicle.