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HB19-1138

Vehicle Transfer Registration Fee Credit

Concerning the credit an owner of a vehicle may receive for fees paid to register a motor vehicle when the vehicle is sold before the registration expires, and, in connection therewith, making an appropriation.
Session:
2019 Regular Session
Subject:
Transportation & Motor Vehicles
Bill Summary

Current law allows a prorated credit for the taxes paid on a vehicle that is sold before the registration year ends. The credit is applied to vehicles subsequently registered. The bill broadens this credit to cover most registration fees. $7,200 is appropriated to the department of revenue from the Colorado DRIVES vehicle services account in the highway users tax fund to implement the bill.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Under Consideration

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Bill Text

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