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This bill reorganizes how Utah classifies and collects taxes and fees related to vehicle registration, sorting existing charges into three categories — service fees, regulatory fees, and vehicle taxes — and creating a new restricted account to hold revenue from regulatory fees for the Motor Vehicle Division. It also eliminates the option for six-month vehicle registrations, requiring all registrations to be annual, and removes the automatic annual inflation adjustments that had previously increased certain vehicle taxes and fees each year. Utahns who currently renew their vehicle registration every six months will need to shift to paying the full annual fee at once.