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1998 SESSION

• | print version

HB 34 Motor vehicle sales and use tax; reduction for trade-in.

Introduced by: Whittington W. Clement | 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. The amount of credit for a traded-in vehicle is the lesser of the allowance given by the seller or the wholesale value of the vehicle as specified in a recognized pricing guide. There are some technical amendments.

FULL TEXT

• 01/14/98  House: Presented & ordered printed, prefiled 12/19/97 987255152  pdf

HISTORY

• 01/14/98  House: Presented & ordered printed, prefiled 12/19/97 987255152
• 01/14/98  House: Referred to Committee on Finance
• 01/22/98  House: Assigned to Finance sub-committee: 2
• 02/02/98  House: Passed by indefinitely in Finance (21-Y 2-N)