This bill aims to repeal the existing aircraft registration fees and introduce a new structured fee schedule based on aircraft types. The new fees range from fifty dollars for gliders and antique aircraft to twelve hundred dollars for jet-engine aircraft. The bill specifies ten distinct categories of aircraft, each with its corresponding registration fee, and establishes that failure to pay the required fee will result in a Class 2 misdemeanor. Additionally, it amends existing laws regarding the registration of unregistered aircraft and the taxation of leased aircraft, ensuring that the fees align with the new structure.
Furthermore, the bill repeals several sections of current law that previously governed aircraft registration fees based on maximum permissible takeoff weight and age of the aircraft. It also clarifies the responsibilities of aircraft dealers in transferring ownership and the penalties for failing to report aircraft transactions. The amendments ensure that the registration process is streamlined and that the fees are clearly defined, while also imposing civil penalties for non-compliance with reporting requirements. Overall, the bill modernizes the aircraft registration framework in South Dakota.
Statutes affected: Introduced, 01/30/2025: 50-11-15, 50-11-35, 50-12-7, 50-12-9, 50-11-12, 50-11-14, 50-11-17