SUMMARY

This bill changes the method of computing the excise tax that is levied on motor vehicles and campers registered in the State. Current law requires, with the exception of commercial motor vehicles and special mobile equipment, that the excise tax be based upon the maker's list price for the motor vehicle; the excise tax on commercial motor vehicles and special mobile equipment is based on the purchase price.

This bill requires that the excise tax for all motor vehicles and campers be based upon the purchase price of the vehicle. Either the original bill of sale or the state sales tax document may be used to certify the purchase price. The bill repeals the section of law dealing with the computation of excise taxes on commercial motor vehicles since all motor vehicles would be taxed in the same manner under this bill.