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2005 SESSION

• | print version

HB 1551 Motor Vehicle Sales and Use Tax; reduction if motor vehicle is purchased for business purposes.

Introduced by: Kenneth C. Alexander | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sale price of motor vehicles subject to the motor vehicle sales and use tax. Reduces the taxable price of a motor vehicle purchased for business purposes in determining motor vehicle sales and use tax liability, by the value of any motor vehicle taken in trade. The amount of credit for a vehicle taken in trade is the lesser of the allowance given by the seller or the wholesale value of the vehicle as specified in a recognized pricing guide.

FULL TEXT

• 12/01/04  House: Prefiled & ordered printed; offered 01/12/05 053006208  pdf | impact statement

HISTORY

• 12/01/04  House: Prefiled & ordered printed; offered 01/12/05 053006208
• 12/01/04  House: Referred to Committee on Finance
• 01/12/05  House: Assigned to Finance sub-committee: #1
• 02/02/05  House: Tabled in Finance (22-Y 0-N)