SENATE BILL 407

Sponsored By:

Senator Astle

Entitled:

Natural Resources - Boat Excise Tax - Certificate of Title

Synopsis:

Altering the definition of "fair market value" under the boat excise tax to eliminate the requirement that a licensed dealer or a dealer licensed by another state or foreign country take title to a used vessel that is traded in as part of the consideration for the sale of a new vessel in order to qualify for an exclusion from the computation of the boat excise tax.

History by Legislative Date

Senate Action

2/3

First Reading Budget and Taxation

2/16

Hearing 3/1 at 1:30 p.m.

3/20

Favorable with Amendments Report by Budget and Taxation

3/21

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/23

Third Reading Passed (47-0)

4/5

Returned Passed

5/11

Signed by the Governor Chapter 276

House Action

3/23

First Reading Ways and Means

3/27

Hearing 3/30 at 1:00 p.m.

4/5

Favorable Report by Ways and Means

4/1

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (138-0)

Bill indexed under the following Subjects:

BOATS AND SHIPS

DEALERS -see also- MOTOR VEHICLE DEALERS AND SALESMEN

EXCISE TAX

PRICES -see also- CONSUMER PRICE INDEX

TITLES

Bill affects the following Statute:

Natural Resources

( 8-716 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 069633/1 (PDF)     Offered on: March 21, 2000   at: 11:18 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 23, 2000: Third Reading Passed (47-0)

House

April 2, 2000: Third Reading Passed (138-0)