Vehicle license fees: new vehicles.

The Vehicle License Fee (VLF) Law establishes, in lieu of any ad valorem property tax upon vehicles, an annual license fee for any vehicle subject to registration in this state, on and after May 19, 2009, and until July 1, 2013, in the amount of 1.15% of the market value of specified vehicles, the revenues derived thereof to be deposited in specified funds. Existing law provides that, on and after July 1, 2013, the annual license fee for specified vehicles subject to registration in this state shall be 0.65% of the market value of that vehicle. This bill would provide that for new vehicles, including new motorcycles, the annual license fee shall be 0.65% of the market value of the vehicle. This bill would also state the intent of the Legislature with regard to funding levels for local law enforcement. This bill would take effect immediately as a tax levy.