Michigan SB0563 modifies aircraft registration fees, penalties, and renewal processes.

Michigan SB0563 amends aircraft registration fees, setting a $50 penalty for late registration, with an additional $5 for each subsequent month. It allows the director of the state transportation department to waive penalties if the failure to register was due to reasonable cause. The bill mandates aircraft owners to inform the commission if their aircraft becomes subject to registration and requires annual registration by December 31. It also specifies that registration fees serve as property tax exemptions and outlines the fee calculation based on aircraft weight.

Michigan SB0563 modifies aircraft registration fees, penalties, and renewal processes.

Michigan SB0563 amends aircraft registration fees, setting a $50 penalty for late registration, with an additional $5 for each subsequent month. It allows the director of the state transportation department to waive penalties if the failure to register was due to reasonable cause. The bill mandates aircraft owners to inform the commission if their aircraft becomes subject to registration and requires annual registration by December 31. It also specifies that registration fees serve as property tax exemptions and outlines the fee calculation based on aircraft weight.