61-3-504. Computation of tax. (1) The amount of taxes on a light vehicle, except for vehicles registered under 61-3-456 or owned by disabled veterans qualifying for special license plates under 61-3-332(10)(c) or 61-3-426(2), is 2% of the value determined under 61-3-503.
     (2) The amount of tax on fleet vehicles subject to the provisions of 61-3-318 is 1% of the value determined under 61-3-503.

     History: En. Sec. 5, Ch. 75, L. 1917; amd. Sec. 1, Ch. 207, L. 1919; re-en. Sec. 1759, R.C.M. 1921; amd. Sec. 22, Ch. 113, L. 1925; amd. Sec. 2, Ch. 181, L. 1929; amd. Sec. 1, Ch. 158, L. 1931; amd. Sec. 1, Ch. 158, L. 1933; re-en. Sec. 1759, R.C.M. 1935; amd. Sec. 1, Ch. 72, L. 1937; amd. Sec. 1, Ch. 195, L. 1953; amd. Sec. 1, Ch. 256, L. 1955; amd. Sec. 1, Ch. 223, L. 1957; amd. Sec. 1, Ch. 245, L. 1963; amd. Sec. 1, Ch. 290, L. 1967; amd. Sec. 9, Ch. 296, L. 1967; amd. Sec. 3, Ch. 214, L. 1971; amd. Sec. 12, Ch. 74, L. 1975; amd. Sec. 1, Ch. 55, L. 1977; amd. Sec. 1, Ch. 521, L. 1977; amd. Sec. 43, Ch. 566, L. 1977; R.C.M. 1947, 53-114(4); amd. Sec. 15, Ch. 712, L. 1979; amd. Sec. 32, Ch. 614, L. 1981; amd. Sec. 24, Ch. 516, L. 1985; amd. Sec. 27, Ch. 611, L. 1987; amd. Sec. 4, Ch. 517, L. 1989; amd. Sec. 3, Ch. 612, L. 1989; amd. Sec. 17, Ch. 724, L. 1991; amd. Sec. 7, Ch. 209, L. 1993; amd. Sec. 5, Ch. 257, L. 1995; amd. Sec. 8, Ch. 489, L. 1995; amd. Sec. 10, Ch. 580, L. 1995; amd. Sec. 24, Ch. 496, L. 1997.