19A NCAC 03E .0303 UTILITY TRAILER REGISTRATION
Registrants of utility trailers 6,000 pounds gross vehicle weight and under, engaged in the business of renting such trailers for use in North Carolina shall register (allocate) the minimum number of utility trailers as follows:
(1) Divide each month, January thru December, for 5‑year license plate renewal or each month of 12 consecutive months determined in accordance with North Carolina's staggered registration program for annual license plate renewal the number of trailers in North Carolina, which are not on one‑way rentals, by the total number of trailers in all jurisdictions, which are not on one‑way rental.
(2) Multiply monthly, January thru December, or the 12‑month designated period, the North Carolina percent times the total number of trailers owned (entire fleet) whether rented or not rented.
(3) Add the twelve resulting monthly figures and divide the total by 12.
(4) Register in North Carolina no less than the number of trailers equal to the average number of utility trailers rented and available for rent in North Carolina during the preceding registration or license year. The monthly inventory records, number of licenses purchased in North Carolina each year and records of payments shall be retained for three years.
History Note: Authority G.S. 20‑1; 20‑66; 20‑86.1;
Eff. July 1, 1978;
Amended Eff. December 1, 1993; November 1, 1991; July 1, 1983; February 1, 1982.