HB339
Motor vehicle sales and use tax; exemptions for vehicle transfers, limited liability companies.
Summary
As Introduced. Motor vehicle sales and use tax; exemptions; transfers; limited liability companies.
Provides that no motor vehicle sales and use tax shall be imposed on vehicle transfers from (i) an individual, partnership, or limited liability company to a corporation or limited liability company or (ii) from a corporation or limited liability company to an individual, partnership, or limited liability company if (a) ... (More) the transfer is incidental to the formation, organization, or dissolution of a corporation or limited liability company in which the individual, partnership, or limited liability company holds the majority interest in both entities and (b) the transfer to a limited liability company is not a precursor to a transfer of control of the assets of the company to avoid motor vehicle sales and use taxes. (Less)-
Bill History
- 01/05/2024 - House: Prefiled and ordered printed; offered 01/10/24 24102679D
- 01/05/2024 - House: Referred to Committee on Finance
- 02/02/2024 - House: Assigned Finance sub: Subcommittee #1
- 02/02/2024 - House: Impact statement from DPB (HB339)
- 02/05/2024 - House: Subcommittee recommends reporting (8-Y 0-N)
- 02/07/2024 - House: Reported from Finance (21-Y 0-N)
- 02/09/2024 - House: Read first time
- 02/12/2024 - House: Read second time and engrossed
- 02/13/2024 - House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/13/2024 - House: VOTE: Block Vote Passage (99-Y 0-N)
- 02/14/2024 - Senate: Constitutional reading dispensed
- 02/14/2024 - Senate: Referred to Committee on Finance and Appropriations
- 02/27/2024 - Senate: Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
