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IN HB1434

Bill

Official Source

Status

Introduced

1/22/2013

Primary Sponsor

Randy Truitt

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Changes motor vehicle excise tax calculations for credits, refunds, and reductions from a monthly basis (8.33% per month) to a daily basis (0.27% per day)
  • Applies to situations involving vehicle acquisition, trade, sale, destruction, or owner name changes that affect the annual registration date
  • Extends the same daily calculation methodology to the county motor vehicle excise surtax
  • Effective date of January 1, 2014, applying to transactions occurring after December 31, 2013

Legislative Description

Motor vehicle excise tax.

Last Action

Reassigned to Committee on Ways and Means

2/4/2013

Committee Referrals

Ways and Means2/4/2013
Roads and Transportation1/22/2013

Full Bill Text

No bill text available