MOTOR VEHICLE REGISTRATION
49-401. Registration fee in lieu of property tax. The registration fee imposed for vehicles under the provisions of this chapter shall be in lieu of all taxes on vehicles, general or local, and vehicles properly registered and for which the required fee for any part of the previous year has been paid shall be exempt from ad valorem taxation.
[49-401, added 1988, ch. 265, sec. 70, p. 606; am. 1992, ch. 35, sec. 7, p. 112.]