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IN HB1451
Bill
Status
1/18/2017
Primary Sponsor
Robert Morris
Click for details
AI Summary
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Exempts casual sales of passenger motor vehicles from Indiana sales and use tax, effective July 1, 2017.
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Defines "casual sale" as an isolated or occasional sale of tangible personal property for the owner's own use where the property was previously subject to sales or use tax and the owner is not regularly engaged in such sales.
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Defines "passenger motor vehicle" to include passenger vehicles as defined in IC 9-13-2-123 or trucks with registered gross vehicle weight not exceeding 11,000 pounds subject to annual excise tax, but excludes new motor vehicles.
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Establishes that a person selling a passenger motor vehicle in a casual sale is not a retail merchant making a retail transaction.
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Requires persons obtaining vehicle titles or registrations to present evidence of casual sale status to avoid paying sales and use taxes on passenger motor vehicles.
Legislative Description
Sales tax exemption for sale of used vehicle. Provides a sales tax exemption for transactions involving a casual sale of a passenger motor vehicle. Defines "casual sale" as an isolated or occasional sale of tangible personal property that was obtained by the owner making the sale for the owner's own use where: (1) the tangible personal property was subject to sales or use tax in a previous transaction; and (2) the owner is not regularly engaged in the business of making such sales.
Last Action
First reading: referred to Committee on Ways and Means
1/18/2017