Senate Bill No. 88 Summary

• Increases vehicle registration taxes across most categories, with rates varying by vehicle type and weight, effective dates tied to enactment of companion bills SB 87 and another specified bill.

• Raises registration fees for motorcycles from $23.00 to $41.00, mopeds from $15.00 to $25.00, historic vehicles from $30.00 to $50.00, and various commercial vehicles with corresponding percentage increases.

• Modifies registration tax schedules for motor vehicles by empty weight, trucks and trailers by gross weight, and implements new fees for special plates and personalized plates.

• Adds regulatory fees of $2.25 for traffic law enforcement and safety fund and $5.75 for transportation administration collection fund on certain vehicle registrations through October 1, 2015.

• Makes technical corrections to statutory language and clarifies deposit of late fees and transfer registration fees into the Michigan transportation fund rather than the general fund.