When registered with the Administration, every bus operated under charter or for hire is a Class P (passenger bus) vehicle. 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 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. On or after July 1, 2025, the annual registration fee under paragraph (1) of this subsection is increased by an additional $30.00.