(a) When registered with the Administration, every bus operated under charter or for hire is a Class P (passenger bus) vehicle.
(b) (1) Subject to paragraph (2) of this subsection, for each Class P (passenger bus) vehicle, the annual registration fee is based on the seating capacity of the bus, as follows:
Seating Capacity Fee 20 or less $275.00 21 to 35 525.00 36 or more 875.00
(2) (i) On or after July 1, 2024, but before July 1, 2025, the annual registration fee under paragraph (1) of this subsection is increased by an additional $20.00.
(ii) On or after July 1, 2025, the annual registration fee under paragraph (1) of this subsection is increased by an additional $30.00.