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IN HB1463

Bill

Official Source

Status

Introduced

1/15/2019

Primary Sponsor

Ben Smaltz

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Allows owners of new recreational vehicles or truck campers to use their actual purchase price to determine their excise tax classification, rather than the standard valuation method
  • Applies when the purchase price would place the vehicle in a different tax class than the default classification based on when it was first offered for sale in Indiana
  • Requires the Bureau of Motor Vehicles to adopt rules to implement the new purchase price exception
  • Amends IC 6-6-5.1-11 of the Indiana Code concerning taxation
  • Effective date: January 1, 2020

Legislative Description

Recreational vehicle excise tax. Provides that if a person presents proof of the purchase price for a new recreational vehicle or truck camper that would result in the recreational vehicle or truck camper being classified in a different class under the recreational vehicle and truck camper excise tax, the purchase price shall be used to classify the recreational vehicle or truck camper.

Last Action

First reading: referred to Committee on Roads and Transportation

1/15/2019

Committee Referrals

Roads and Transportation1/15/2019

Full Bill Text

No bill text available