Pro Rating Government Fees, or
“Rounding Up Down”
If you started a one year newspaper subscription on, say, March 7, the one year anniversary would be . . . March 7, right?
And if you joined Sam’s Club on October 14, your one year anniversary would be — yup — October 14.
(Bear with me, these aren’t trick questions.)
So, if you leased or bought a car on August 31, your one year anniversary for renewing your license plate tabs would be . . . August 31?!?
Nope.
At least in Minnesota, your new tabs expire in eleven months, on July 31.
Call it “rounding up down.”