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HB 0690 - Title Ad Valorem Tax - Used Leased Vehicles
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Tracking Level: Neutral
Sponsor: Jason Ridley
Last Action: 2/20/2018 - Senate Read and Referred
House Committee: Ways and Means
Senate Committee: Finance
Assigned To:
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Staff Analysis of the Legislation

This bill amends the definition of 'fair market value' for TAVT purposes by including used motor vehicles in a provision formerly dealing with new motor vehicles that are leased. The effect is that after 1/1/19, for a used motor vehicle that is leased, fair market value will be the total of the base payments of the lease agreement. 

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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