41-1a-1225. Credit for registering leased vehicle purchased by the lessee.
(1) The division shall provide a credit against the fees and taxes charged to a person registering a vehicle under, if: Title 41, Chapter 1a, Motor Vehicle Act immediately before purchasing the vehicle, the purchaser leased the vehicle and was a registrant of the vehicle; and while leasing the vehicle and during the same registration period, the purchaser paid the fees and taxes charged for registering the vehicle under. Title 41, Chapter 1a, Motor Vehicle Act
(2) The division shall apply the credit provided under Subsectionby allowing the registration period described in Subsectionto remain in effect until expiration. (1) (1)(b)
(3) This section applies only to taxes and fees paid by, or on behalf of, the purchaser at the time of the registration described in Subsection. (1)(b)