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1997 SESSION

• | print version

SB 48 Price of motor vehicle subject to sales and use tax.

Introduced by: Virgil H. Goode, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Sales price of motor vehicles subject to the motor vehicle sales and use tax. Reduces the taxable price of a motor vehicle for purposes of determining motor vehicle sales and use tax liability by the value of any motor vehicle taken in trade. Currently, purchasers of motor vehicles do not receive an allowance for a trade-in when titling tax liability is calculated. The Commissioner of Motor Vehicles may employ customarily employed publications and other data in determining the amount of the allowance to be given with respect to a traded motor vehicle.

FULL TEXT

• 01/10/96  Senate: Presented & ordered printed 961910665  pdf

HISTORY

• 01/10/96  Senate: Presented & ordered printed 961910665
• 01/10/96  Senate: Referred to Committee on Finance
• 01/30/96  Senate: Assigned to Finance sub-committee: Trans./Rev. Resouces
• 02/08/96  Senate: Continued to 1997 in Finance (17-Y 0-N)
• 12/20/96  Senate: Left in Finance