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2006 SPECIAL SESSION I

• | print version

HB 5040 Motor Vehicle Sales and Use Tax; reduces the sale price for determining the rate thereof.

Introduced by: Daniel W. Marshall, III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motor vehicle sales and use tax; basis and rate.  Reduces the sale price for determining motor vehicle sales and use tax by (i) the credit given by the seller for any motor vehicle taken as a trade-in, and (ii) the amount of cash discount or rebate given by the seller or the manufacturer.  The bill also increases the motor vehicle sales and use tax rate from 3% to 4.5%.

FULL TEXT

• 09/13/06  House: Presented and ordered printed 061860392  pdf | impact statement

HISTORY

• 09/13/06  House: Presented and ordered printed 061860392
• 09/13/06  House: Referred to Committee on Finance
• 09/28/06  House: Left in Finance