Larry Crowder
- Republican
Current law uses the manufacturer's suggested retail price (MSRP) of a vehicle to determine taxable value, which is used to determine the amount of the specific ownership tax. For class A and B vehicles that weigh 16,000 pounds or less, current law uses 75% of the MSRP; for class C and D vehicles, current law uses 85% of MSRP. The bill changes this taxable value from MSRP to the actual purchase price. (Note: This summary applies to this bill as introduced.)
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Bill Text Versions | Format |
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Introduced (01/09/2020) | |
Committee Amendment |
Document | Format |
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Fiscal Note FN1 (01/30/2020) | |
Fiscal Note FN2 (06/17/2020) |
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