Bill Text: CT HB05022 | 2016 | General Assembly | Introduced

Connecticut House Bill 5022 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning The Use Tax Payable On Casual Car Sales.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-02-03 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05022 Detail]

Download: Connecticut-2016-HB05022-Introduced.html


General Assembly		*Proposed Bill No. 5022*
*February Session, 2016*		LCO No. 29
		00029
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PISCOPO, 76th Dist.

AN ACT CONCERNING THE USE TAX PAYABLE ON CASUAL CAR SALES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to provide that when two private individuals enter into an agreement to purchase a private passenger motor vehicle and document the agreed upon purchase price in a notarized document, the documented purchase price shall be the basis for calculating the sales tax payable on the motor vehicle.

Statement of Purpose:

To provide that the documented purchase price of a private passenger motor vehicle that is sold by one private individual to another be the basis for calculating the sales tax payable on the motor vehicle.