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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
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