There is hereby levied an initial registration tax of one and one-quarter percent (1.25%) of the purchase price or factory delivered price on every recreational vehicle. There is hereby levied an annual registration renewal tax on every recreational vehicle, according to the factory-delivered price of the recreational vehicle and year of registration in this, or any other, jurisdiction at a rate equal to one-half the amount of the tax imposed by Section 4-103. ONCA 06-10, eff. Sept. 29, 2006; ONCA 23-52, eff. Apr. 24, 2023.