Thursday, July 24, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB5040: Motor Vehicle Sales and Use Tax; reduces the sale price for determining the rate thereof.
Chief Patron
Del.
Danny Marshall (R-14)
Danny Marshall
(R-14)
Danville, VA
Served: 2002–
Progress
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Introduced |
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Passed Committee |
 |
Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Motor vehicle sales and use tax; basis and rate. Reduces the sale price for determining motor vehicle sales and use tax by (i) the credit given by the seller for any motor vehicle taken as a trade-in, and (ii) the amount of cash discount or rebate given by the seller or the manufacturer. The bill also increases the motor vehicle sales and use tax rate from 3% to 4.5%. View Full Text »
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
