ND SB2141

Amends the definition of "purchase price" for North Dakota motor vehicle excise tax to exclude manufacturer's incentives, discounts, and auction service charges that reduce the amount paid by the purchaser at the time of purchase.

Clarifies that trade-in allowances reduce the taxable purchase price of vehicles being sold and constitute the purchase price for vehicles accepted as trade-ins.

Allows insurance loss credits for owners whose motor vehicles are stolen or totally destroyed to apply against one or more replacement vehicle purchases, capped at the insurance compensation plus the purchaser's deductible.

Limits leased vehicle insurance loss credits to the total amount of motor vehicle excise tax paid on the original vehicle.

Effective for taxable events occurring after June 30, 2023.