SENATE BILL 879

File Code: Taxes - Transportation

Sponsored By:

Senators DeGrange, Brinkley, Giannetti, and Jimeno

Entitled:

Motor Vehicle Excise Tax - Trade Difference Allowance

Synopsis:

Altering the definition of "fair market value" and "total purchase price" to exclude from the computation of the vehicle excise tax imposed on a new passenger car or new multipurpose passenger vehicle the value of a passenger car or multipurpose passenger vehicle traded in as part of the consideration for the sale of the car or vehicle by specified licensed dealers; etc.

History by Legislative Date

Senate Action

2/10

First Reading Senate Rules

2/16

Re-referred Budget and Taxation

3/8

Hearing 3/21 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator James E. DeGrange, Sr., District 32

Senator David R. Brinkley, District 4

Senator John A. Giannetti, Jr., District 21

Senator Philip C. Jimeno, District 31

Bill indexed under the following Subjects:

EXCISE TAX

MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.

MOTOR VEHICLE DEALERS AND SALESMEN

Bill affects the following Statute:

Transportation

( 13-809 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered