1999 Regular Session

HOUSE BILL 497

File Code: Vehicle Laws - Licensing and Registration Prior Year Introduction As: HB 198/98 - W&M
Sponsored By:
Delegates Dewberry and Rudolph
Entitled:
Motor Vehicle Titling Tax - Exercise of Option to Purchase Under Vehicle Leasing Agreement

Synopsis:

Exempting from the motor vehicle titling tax a vehicle titled in this State that is transferred to a lessee who exercises an option under a vehicle lease to purchase the leased vehicle at the end of the lease; providing for a delayed effective date; and applying the Act to any vehicle transferred on or after October 1, 2000.

History by Legislative Date

House Action
2/10
First Reading Ways and Means
2/17
Hearing 3/9 at 1:00 p.m.
3/22

Favorable with Amendments Report by Ways and Means
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (137-0)
Senate Action
3/25
First Reading Budget and Taxation
3/26
Hearing 3/31 at 1:30 p.m.
Sponsored by:
Delegate Thomas E. Dewberry, District 47B
Delegate David D. Rudolph, District 35B
Bill indexed under the following Subjects:
EXEMPTIONS
LEASES AND RENT -see also- EVICTION
MOTOR VEHICLES -see also- ABANDONED VEH; OFF-RD. VEH.; TRUCK
REVENUE AND TAXES -see also specific taxes-
TITLES
Bill affects the following Statute:
Transportation
( 13-810 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 375952/1 (PDF)     Offered on: March 22, 1999   at: 6:12 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 24, 1999: Third Reading Passed (137-0)