SB 626 – Modifies provisions relating to vehicle sales tax

• Sponsor: Hough
• LR Number: 2736S.01I
• Committee: Transportation, Infrastructure and Public Safety
• Last Action: 3/30/2021 - Voted Do Pass S Transportation, Infrastructure and Public Safety Committee
• Effective Date: August 28, 2021

Current Bill Summary

SB 626 - Under current law, the owner of an insured motor vehicle, trailer, boat, or outboard motor replaced due to theft or a total loss is entitled to a credit against the taxable price of a replacement purchased within 180 days.

This act removes the requirement that the insured loss was a total loss, provided that the vehicle has not been repaired.

ERIC VANDER WEERD

Amendments

No Amendments Found.