Bill > HB2022

This bill modifies Virginia's aircraft registration requirements and fee structure, primarily updating the registration process for both commercial and noncommercial aircraft. The bill changes the registration period from a calendar year to a 12-month period and significantly increases registration fees while introducing the option of multiyear registrations for up to three years. For noncommercial single aircraft, the annual registration fee increases from $5 to $30, with two-year and three-year registration options capped at $55 and $70 respectively. Similarly, noncommercial dealer fleet registration fees rise from $50 to $75 annually, with two-year and three-year options capped at $125 and $150. Commercial fleet registrations see fees increase from $100 to $150 annually, with two-year and three-year options capped at $250 and $300. Commercial single aircraft registration fees increase from $10 to $40 annually, with two-year and three-year options capped at $70 and $95. The bill maintains existing exemptions, such as not requiring registration for aircraft brought into Virginia solely for major maintenance or repair, and continues to exempt unmanned aircraft from registration requirements. These changes aim to adjust the state's aircraft registration system to potentially generate more revenue and provide more flexible registration options for aircraft owners.