The fee for applications for licenses shall be $50.00 for residents of the state and $100.00 for nonresidents. Initial licenses shall be for a term of one year. License renewals shall be for three years for a fee of $75.00 for residents and $150.00 for nonresidents. Fees collected under this section shall be credited to a special fund and shall be available to the department of public safety to offset the cost of providing the service. (Added 1971, No. 107, § 10, eff. May 22, 1971; amended 1983, No. 195 (Adj. Sess.), § 5(b); 1999, No. 49, § 163; 2005, No. 72, § 17.)