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1997 SESSION

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HB 1622 Personal property tax; classification and assessment of automobiles.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY:

Tangible personal property tax; classification and assessment of automobiles. Provides that the basis for tangible personal property tax on automobiles shall not be more than the purchase price verified by either (i) a notarized statement signed by the buyer and seller or (ii) a bill of sale for an auction-purchased vehicle. A copy of such statement or bill of sale shall be sent to the commissioner of the revenue. The bill also provides that the tax day for automobiles shall be the actual date of purchase by the taxpayer.


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