2008 Regular Session

SENATE BILL 924

CHAPTER NUMBER: 633
EMERGENCY BILL File Code: Taxes - Transportation Crossfiled with: HOUSE BILL 1570
Sponsored By:
Senators Peters, DeGrange, Currie, Kasemeyer, McFadden, Kramer, Brinkley, Robey, Munson, King, Jones, Madaleno, Edwards, and Zirkin
Entitled:
Motor Vehicle Excise Tax - Leased Vehicles - Application of Trade-In Value

Synopsis:

Altering the definition of "total purchase price" for purposes of the vehicle excise tax to exclude from the computation of the tax part of the consideration for the sale of a vehicle; requiring the Motor Vehicle Administration to adopt regulations; applying the Act retroactively; requiring the Administration to notify specified persons of rebates under specified circumstances; defining terms; and making the Act an emergency measure.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
2/20
First Reading Senate Rules
3/3
Re-referred Budget and Taxation
3/5
Hearing 3/18 at 1:00 p.m.
3/10
Hearing cancelled
Hearing 3/13 at 1:00 p.m.
3/20
Favorable with Amendments Report by Budget and Taxation
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (47-0)
4/2
Returned Passed
House Action
3/22
First Reading Ways and Means
3/26
Hearing 4/2 at 1:00 p.m.
4/3
Favorable Report by Ways and Means
3/28
Favorable Report Adopted
Second Reading Passed
3/29
Third Reading Passed (139-0)
Action after passage in Senate and House
5/22
Approved by the Governor
- Chapter 633

Sponsored by:

Senator Douglas J. J. Peters, District 23
Senator David R. Brinkley, District 4
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator George C. Edwards, District 1
Senator Verna L. Jones, District 44
Senator Edward J. Kasemeyer, District 12
Senator Nancy J. King, District 39
Senator Rona E. Kramer, District 14
Senator Richard S. Madaleno, Jr., District 18
Senator Nathaniel J. McFadden, District 45
Senator Donald F. Munson, District 2
Senator James N. Robey, District 13
Senator Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

Contracts -see also- Land Installment Contracts; Procurement
Excise Tax
Leases and Rent
Motor Vehicles -see also- Aband Veh; Ambulances; Buses; etc.
Motor Vehicle Administration
Notices
Rules and Regulations

Bill affects the following Statutes:

Transportation
( 13-809 , 13-809 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 949136/02     Offered on: March 20, 2008   at: 6:18 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 22, 2008: Third Reading Passed (47-0)
House
March 29, 2008: Third Reading Passed (139-0)