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HB 0919 -	Reduced TAVT Rate for Charitable Organizations
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Tracking Level:

Oppose

Sponsor:

Sam Teasley

Last Action:

2/6/2014 - House Second Readers

House Committee:

W&M

Assigned To:

Clint Mueller	Next Bill
Property Tax	Next Bill

Staff Analysis of the Legislation
This bill amends the Tax Ad Valorem Title by providing that when a motor vehicle is donated to or purchased by a 501(c)(3) nonprofit organization and when that vehicle is used solely for certain charitable purposes, then both the state and local TAVT rate is reduced to .50 percent of Fair Market Value.

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