LD 530
pg. 2
Page 1 of 2 An Act To Bring Equity to the Vehicle Excise Tax LD 530 Title Page
Download Bill Text
LR 1496
Item 1

 
initial bill of sale is that issued by the dealer to the
initial purchaser of a new vehicle.

 
For motor vehicles being registered pursuant to Title 29-
A, section 405, subsection 1, paragraph C, the excise tax
must be prorated for the number of months in the
registration.

 
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.


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