SB20-067
Vehicle Specific Ownership Tax Actual Price
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the use of a vehicle's actual purchase price to determine the taxable value for the computation of specific ownership tax.
Bill Summary:
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.)
Prime Sponsors
Senator
Larry Crowder
Committees
Senate
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/09/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion failed on a vote of 3-4. | Vote summary |
| Adopt amendment L.002 | The motion failed on a vote of 3-4. | Vote summary |
| Refer Senate Bill 20-067 to the Committee on Appropriations. | The motion failed on a vote of 3-4. | Vote summary |
| Postpone Senate Bill 20-067 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 4-3. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 02/04/2020 | Senate | Senate Committee on Finance Postpone Indefinitely |
| 01/09/2020 | Senate | Introduced In Senate - Assigned to Finance |