LD 571 LR 1368(02)
An Act To Amend the Laws Governing Sales Tax on Used Motor Vehicles
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund $356,250 $370,500 $385,320 $400,733
General Fund ($356,250) ($370,500) ($385,320) ($400,733)
Other Special Revenue Funds ($18,750) ($19,500) ($20,280) ($21,091)
Fiscal Detail and Notes
Limiting the taxable sales price of a used motor vehicle to the price stated on the receipt or bill of sale in the absence of convincing evidence that other consideration which raised the taxable sales price was given will result in losses to the General Fund and reductions to revenue sharing.