SB 242 Summary

• Reduces maximum daily penalty for delinquent vehicle registration from $100.00 to $25.00 for general vehicles under Section 1115(C)(4).

• Reduces maximum penalty for late registration of transferred vehicles from $100.00 to $25.00 under Section 1132(F).

• Reduces maximum penalty for new or used vehicles not registered within 30 days from $100.00 to $25.00 under Section 1151(C).

• Maintains penalty distribution formula: 21 cents apportioned per Section 1104, 21 cents retained by motor license agent, and 58 cents deposited to General Revenue Fund.

• Effective date: November 1, 2015.