SB143 Summary

• Requires the Department of Revenue to develop and maintain a Fleet Online Registration and Tax (FORT) system by January 1, 2022, allowing fleet operators to pay ad valorem taxes, license taxes, and registration fees online.

• Defines fleet vehicles as groups of 50 or more similarly classified motor vehicles with gross vehicle weight not exceeding 12,000 pounds, owned or leased by a fleet operator.

• Authorizes the Department of Revenue to issue fleet license plates valid for five years with expiration dates printed on the plate.

• Establishes an advisory committee composed of local officials, county commissioners, probate judges, rental car representatives, and fleet operators to provide input on FORT system development; committee must report findings by December 1, 2020, and sunsets December 31, 2023.

• Requires counties, municipalities, and local taxing authorities to report ad valorem tax rates to the department annually; collected taxes are distributed to local officials responsible for further distribution to appropriate recipients.