SB 150 – Exempts certain motor vehicles older than ten years from the sales tax on titling

• Sponsor: Parson
• LR Number: 0779S.01I
• Committee: Transportation, Infrastructure and Public Safety
• Last Action: 3/18/2015 - Hearing Conducted S Transportation, Infrastructure and Public Safety Committee
• Effective Date: August 28, 2015

Current Bill Summary

SB 150 - This act makes motor vehicles that are at least ten years old exempt from the state and local sales tax on the titling of motor vehicles. This exemption does not apply to motor vehicles with a sales price of more than $15,000.

This provision is similar to SB 693 (2014) and HB 1387 (2014).

MIKE HAMMANN