SB 716 - This act enacts provisions relating to motor vehicle sales tax payment plans. The act establishes a period from October 1, 2023, to September 30, 2024, but not to exceed one year, in which certain purchasers of motor vehicles may apply for a payment plan for motor vehicle sales tax, late fees, and penalty amounts due as a result of failure to properly title and register a vehicle purchased on or before August 30, 2023.
The Department of Revenue shall establish forms and procedures for applying for the payment plans, as specified in the act. Upon entering into a payment plan, the purchaser shall pay a down payment equal to one month's payment, and the Department may issue a new temporary registration permit for the vehicle. The act details the methods by which payments may be made, and directs the Department to promulgate rules regarding payment processing and forms the purchaser will need to carry in his or her vehicle to present to law enforcement if stopped, or to other entities requesting verification of the payment plan status. The act requires the Department to issue a receipt upon completion of the payment plan for the purchaser to present to the license office to register the vehicle. If a purchaser fails to comply with the payment plan, the payment plan shall be terminated and the purchaser shall receive credit for prior payments toward the amount due.
This act is identical to HB 58 (2023) and HB 1350 (2023).
ERIC VANDER WEERD