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2007 SESSION

• | print version

HB 2467 Motor Vehicle Sales and Use Tax; basis and rate.

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 caps the sale price on which the tax is computed at $70,000, and increases the motor vehicle sales and use tax rate from 3% to 4%.

FULL TEXT

• 01/09/07  House: Prefiled and ordered printed; offered 01/10/07 071912392  pdf | impact statement

HISTORY

• 01/09/07  House: Prefiled and ordered printed; offered 01/10/07 071912392
• 01/09/07  House: Referred to Committee on Finance
• 01/18/07  House: Assigned Finance sub: #1 (Orrock)
• 02/06/07  House: Left in Finance