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(a) When registered with the Administration, every multipurpose passenger vehicle is a Class M (multipurpose) vehicle.

(b) For each Class M (multipurpose) vehicle, the annual registration fee is:

(1) For a vehicle with a manufacturer’s shipping weight of 3,700 pounds or less – $50.50; and

(2) For a vehicle with a manufacturer’s shipping weight of more than 3,700 pounds – $76.50.

(c) The Administration may by rule and regulation provide for the registration under this section of all multipurpose passenger vehicles registered under another category.