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2002 SESSION

• | print version

HB 699 Local tax on motor vehicles used for nonbusiness.

Introduced by: Kathy J. Byron | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Local tax on motor vehicles; supplanting lost local revenues. Repeals the local property tax on motor vehicles used for nonbusiness purposes and replaces the local revenue stream with a fifteen percent distribution of the state individual income taxes or the amount of local revenues derived from the taxation of motor vehicles in 2004, whichever is greater. All is contingent upon the adoption of a constitutional amendment that exempts motor vehicles used for nonbusiness purposes from the personal property tax to be effective by January 1, 2005.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 021556208  pdf | impact statement

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 021556208
• 01/09/02  House: Referred to Committee on Finance
• 01/21/02  House: Assigned to Finance sub-committee: 1
• 02/04/02  House: Continued to 2003 in Finance (22-Y 0-N)