SB 1015
Modifies provisions relating to vehicle sales tax
Sponsor:
LR Number:
4966S.01I
Last Action:
3/29/2022 - Voted Do Pass S Transportation, Infrastructure and Public Safety Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2022

Current Bill Summary

SB 1015 - Under current law, the owner of a 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 an insured loss was a total loss, provided that the vehicle has not been repaired, and extends the availability of the sales tax allowance on replacements from 180 days to 2 years.

This act is similar to SB 626 (2021).

ERIC VANDER WEERD

Amendments

No Amendments Found.