§249-5.5  Stored vehicles.  (a) All vehicles taxable under sections 249-1, 249-2, 249-4 and 249-6 to 249-13,which are stored so that they are not used for transportation, or for the otherpurposes covered by section 249-2, shall be exempt from the tax for the periodof storage; provided that the owner of each vehicle shall first present to thedirector of finance a signed statement of the fact of the storage, togetherwith other relevant facts as may be required by the director of finance andshall surrender the last issued certificate of registration, license plates,and emblem for the vehicle.  If the affidavit, certificate of registration,license plates, and emblem are presented to the director of finance after theexpiration of the vehicle's registration period, then the unpaid tax for eachmonth the license plates could have been validated with an emblem plus the feefor the currently issued license plates and emblem shall be paid in full uponpresenting the affidavit.

(b)  The director of finance may dispose of thelicense plates for any vehicle whose registration has expired and the ownershall be required to purchase new license plates and a new emblem upon removingthe vehicle from storage.

(c)  As a condition precedent to the removal ofthe vehicle from storage, the owner of the vehicle shall present to thedirector of finance a certificate of inspection that was issued after therecording of the storage with the director of finance if the certificate ofinspection expired during the period of storage. [L 1998, c 3, §1; am L 1999, c235, §1]