SB 625
Modifies a provision relating to a sales tax credit for the replacement of certain vehicles
Sponsor:
LR Number:
2715S.01I
Last Action:
3/30/2021 - Hearing Conducted S Economic Development Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

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

Amendments

No Amendments Found.