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2003 SESSION

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HB 2537 Motor vehicle sales and use tax; casual sales.

Introduced by: Allen L. Louderback | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Motor vehicle sales and use tax; casual sales. Allows, in the case of a sale of a motor vehicle, which is not a new motor vehicle, between individuals who are not required to be licensed as dealers or salespersons, the Commissioner to collect the motor vehicle sales tax on the basis of the total sales price as established by evidence required by the Commissioner. However, if the auto is no more than five years old and is listed in a recognized pricing guide, then the trade-in value listed in such guide less $1,500 shall be used unless the purchaser executes an affidavit stating a lesser value, which shall be used for sales tax purposes.


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