Starting early next week, a change in Nevada that takes effect is of note to the trucking industry. The state will begin altering how it determines vehicle depreciation in order to collect more money from owners.
Another new law soon to take effect could lead to more trucks getting stopped for size and weight checks in certain areas of the state.
Signed by Gov. Jim Gibbons this spring, one new law changes the way the state determines depreciation on motor vehicles. The depreciation factor will be slowed when calculating the basic governmental services tax. It takes effect Tuesday, Sept. 1.
In addition to vehicles based in Nevada, the depreciation changes also apply to vehicles based in other jurisdictions apportioned for travel in the state through the International Registration Plan, or IRP.
For trucks weighing at least 10,000 pounds, the amount of depreciation allowed on the vehicle’s value will be slowed – from 75 percent to 85 percent in the first year. During the next nine years, the values will be 10 percent higher than they were previously (to 38 percent in the fifth year, for example, from 28 percent).
For vehicles weighing less than 10,000 pounds, the amount of depreciation will be slowed from 85 percent to 95 percent in the first year.
The tax is estimated to raise $94 million during the next two years. The extra revenue will be routed to the state’s general fund.
One more new law on the horizon could lead to truckers getting pulled over more frequently in two areas of the state. With an effective date of Oct. 1, the rule change enables more enforcement officers to stop commercial vehicles to check size and weight.
Nevada already allows the Highway Patrol to enforce certain requirements relating to the size and weight of trucks.
The new law will expand that power to include law enforcement agencies in counties with a population of 100,000 or more (currently Washoe and Clark counties). It enables police officers and inspectors of the Department of Motor Vehicles and the Department of Public Safety who have completed a vehicle weight-enforcement training program conducted by the state to stop and weigh trucks.
To view other legislative activities of interest for Nevada in 2009, click here.
– By Keith Goble, state legislative editor
Editor’s Note: Please share your thoughts with us about the legislation included in this story. Comments may be sent to email@example.com.