Definition of unused part of the fees paid; buses permanently
withdrawn from proportionally registered fleets; credit
Sec. 41. (a) As used in this section, "unused part of the fees paid"
means the amount paid with respect to a bus when the bus was first
proportionally registered in the registration year reduced by
one-twelfth (1/12) of the total annual proportional registration
responsibility of that bus for each calendar month and fraction of a
month elapsing between the first day of the month of the current year
in which the bus was registered and the date the notice of withdrawal
is received by the bureau.
(b) If a bus is permanently withdrawn from a proportionally
registered fleet because the bus has been destroyed, sold, or
otherwise completely removed from the service of the registrant, the
unused part of the fees paid with respect to the bus shall be credited
to the proportional registration account of the owner.
(c) A credit under subsection (b) shall be applied against liability
for subsequent additions to be prorated during the registration year
or for additional fees due upon audit under IC 9-18-11-11.
(d) If a credit is less than five dollars ($5), a credit may not be
made or entered.
(e) A credit under subsection (b) may not be:
(1) credited against fees other than those for that registration
year; and
(2) refunded.
As added by P.L.2-1991, SEC.17.
Last modified: May 27, 2006