SENATE BILL 536

File Code: Sales and Use Crossfiled with: HOUSE BILL 1193

Sponsored By:

Senator Ruben

Entitled:

Sales and Use Tax - Motor Vehicle Leases

Synopsis:

Limiting the application of an exemption under the sales and use tax for motor vehicle leases for a period of at least one year to circumstances where the lessor or lessee was required to pay and has paid the motor vehicle excise tax; and applying the Act to leases entered into on or after July 1, 1997.

Legislative History

Senate Action

1/31

First Reading Budget and Taxation

2/12

Hearing 3/4 at 4:00 p.m.

3/10

Withdrawn

House Action

No Action

Bill indexed under the following Subjects:

EXEMPTIONS

LEASES AND RENT -see also- EVICTION

MOTOR VEHICLES -see also- ABANDONED VEH; OFF-RD. VEH.; TRUCK

SALES AND USE TAX

Bill affects the following Statute:

Tax - General

( 11-221 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)