SB 625 - Hough, Lincoln
Modifies a provision relating to a sales tax credit for the replacement of certain vehicles
Bill Details
Sponsor
Hough, Lincoln
LR Number
2715S.01I
Title
SB 625
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2021
Committee
Current Status
Hearing Conducted S Economic Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 625 - Current law allows a taxpayer to take a credit for sales tax paid on certain vehicles when such vehicle is a replacement of a vehicle that is lost due to theft or a casualty loss and such purchase is made within 180 days of the insurance payment or date of loss, whichever is applicable. This act modifies such provision by increasing the 180 day period to two years.
JOSH NORBERG