ND SB2299

Directs legislative management to study during the 2021-22 interim the desirability and feasibility of providing a tax credit for motor vehicle purchases based on private sale proceeds from a replaced vehicle for purposes of calculating motor vehicle excise tax.

Study must review current law on trade-in credits, motor vehicle sale industry practices, vehicles of certain ages, and potential fiscal and technological impacts on the state.

Study must examine potential for tax fraud, effects on child support collections, and consumer protection implications.

Requires input from the tax commissioner and department of transportation in the study process.

Legislative management must report findings, recommendations, and any required implementing legislation to the 68th legislative assembly.