§47-1132.

§47-1132.
   
   A. For all vehicles, unless otherwise specifically provided by Section
   1101 et seq. of this title, the following vehicle registration fees
   shall be assessed:
   
   1. A registration fee of Fifteen Dollars ($15.00) shall be assessed at
   the time of initial registration by the owner and annually thereafter,
   for the use of the avenues of public access within this state; and
   
   2. A fee, to be paid annually in lieu of all other taxes both general
   and local, of one and one-quarter percent (1 1/4%) of the factory
   delivered price (F.D.P.). For this purpose the factory delivered price
   shall be rounded off to the nearest One Hundred Dollars ($100.00).
   
   After the first year's registration in this or any other state, the
   fee shall be assessed at ninety percent (90%) of the fee computed and
   assessed for the first year. Thereafter such fee shall be computed and
   assessed at ninety percent (90%) of the previous year's fee. The fee
   shall be so computed and assessed through the twelfth year of
   registration. The fee thereafter through the twentieth year of
   registration shall be the same as for the twelfth year of
   registration. The fee provided by this paragraph shall not be assessed
   after the twentieth year of registration. The fee provided by this
   paragraph shall be paid annually for the vehicle registered;
   
   3. Provided that in no event shall the fee for the registration of a
   vehicle imposed by this subsection exceed the fee paid to register
   said vehicle for the preceding year; and
   
   4. Provided further, there shall be a credit allowed with respect to
   the fee for registration of a new vehicle which is a replacement for:
   
   a. a new original vehicle which is stolen from the
   purchaser/registrant within ninety (90) days of the date of purchase
   of the original vehicle as certified by a police report or other
   documentation as required by the Commission, or
   
   b. a defective new original vehicle returned by the
   purchaser/registrant to the seller within six (6) months of the date
   of purchase of the defective new original vehicle as certified by the
   manufacturer.
   
   Said credit shall be in the amount of the fee for registration which
   was paid for the new original vehicle and shall be applied to the
   registration fee for the replacement vehicle. In no event will said
   credit be refunded.
   
   B. Upon every transfer or change of ownership of a vehicle, the new
   owner shall obtain title for and, except in the case of salvage
   vehicles and manufactured homes, register the vehicle within thirty
   (30) days of change of ownership and pay the fee provided in paragraph
   1 of subsection A of this section in addition to any other fees
   provided for in this subsection. No new decal shall be issued to the
   registrant. Thereafter, the owner shall register the vehicle annually
   on the anniversary date of its initial registration in this state and
   shall pay the fees provided in paragraphs 1 and 2 of subsection A of
   this section and receive a decal evidencing such payment. Provided,
   used motor vehicle dealers shall be exempt from the provisions of this
   section.
   
   C. In the event the vehicle is not registered, titled and tagged
   within thirty (30) days from the date of transfer of ownership, the
   penalty for the failure of the owner of the vehicle to register said
   vehicle within thirty (30) days shall be twenty-five cents ($0.25) per
   day, provided that in no event shall the penalty exceed Twenty-five
   Dollars ($25.00).