General Assembly Proposed Bill No. 5043
January Session, 2017 LCO No. 240
*00240*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PISCOPO, 76th Dist.
General Assembly
Proposed Bill No. 5043
January Session, 2017
LCO No. 240
*00240*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PISCOPO, 76th Dist.
AN ACT CONCERNING THE SALES TAX CALCULATION ON PRIVATE PASSENGER MOTOR VEHICLE SALES BETWEEN PRIVATE INDIVIDUALS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that when one private individual enters into an agreement with another to purchase a private passenger motor vehicle and the agreed-upon purchase price is documented and notarized, such purchase price shall be the basis for calculating the sales tax payable on such motor vehicle.
Statement of Purpose:
To provide that the documented, notarized purchase price of a private passenger motor vehicle sold by one private individual to another shall be the basis for calculating the sales tax payable on such motor vehicle.