General Assembly Proposed Bill No. 5758
January Session, 2015 LCO No. 975
*00975*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PISCOPO, 76th Dist.
General Assembly
Proposed Bill No. 5758
January Session, 2015
LCO No. 975
*00975*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PISCOPO, 76th Dist.
AN ACT CONCERNING THE SALES TAX PAYABLE ON A MOTOR VEHICLE SOLD BY ONE PRIVATE INDIVIDUAL TO ANOTHER.
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.