SLS 12RS-1833 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012
SENATE BILL NO. 713
BY SENATOR BROOME
MOTOR VEHICLES. Requires the "actual value" upon which the annual motor vehicle
license tax must be based for each renewal to be the fair market value of the vehicle at the
time of renewal. (gov sig)
AN ACT1
To amend and reenact R.S. 47:463(A)(2), relative to motor vehicle license tax; to provide2
for the actual value upon which the annual motor vehicle license tax must be based3
for each renewal; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:463(A)(2) is hereby amended and reenacted to read as follows:6
ยง463. Private passenger vehicles; amputee veterans exempted; church, church7
school, and religious order vehicles 8
A. * * *9
(2) For purposes of this Subsection, the actual value of each vehicle shall be10
determined as of the time of purchase or first renewal after the effective date of this11
Section according to criteria established by the secretary for the first registration12
of such vehicle, and the actual value upon which the tax shall be based on said13
value for each renewal thereafter shall be the fair market value of the vehicle at14
the time of renewal according to criteria established by the secretary. In15
applying the provisions of Subparagraph (A)(1)(b) above and for the purpose of16
computing the additional tax of one dollar per each one thousand dollars, any amount17 SB NO. 713
SLS 12RS-1833 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
of five hundred dollars or more shall be rounded off to the next highest thousand1
dollars and any amount less than five hundred dollars shall be disregarded. The2
secretary shall provide by rules and regulations for the implementation of this3
Subsection. Such rules and regulations shall be subject to an oversight review by the4
Joint Legislative Committee on Transportation, Highways and Public Works.5
* * *6
Section 2. The provisions of this Act shall be applicable to renewals occurring on and7
after January 1, 2013.8
Section 3. The rules and regulations implementing the provisions of this Act shall9
be subject to oversight review by the Joint Legislative Committee on Transportation,10
Highways and Public Works prior to September 1, 2012.11
Section 4. This Act shall become effective upon signature by the governor or, if not12
signed by the governor, upon expiration of the time for bills to become law without signature13
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If14
vetoed by the governor and subsequently approved by the legislature, this Act shall become15
effective on the day following such approval.16
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Riley Boudreaux.
DIGEST
Present constitution requires the legislature to impose an annual license tax of not more than
one dollar per each $1,000 of "actual value" on automobiles for private use based on the
"actual value" of the vehicle, as provided by law. However, the tax cannot be less than $10
per automobile for private use.
Present law specifies that the levy of the annual tax on automobiles having an "actual value"
of $10,000 or less is $10.00. For automobiles having an "actual value" of greater than
$10,000, the annual license tax is the base tax of $10.00 plus an additional tax of $1.00 per
each $1,000 of "actual value" above $10,000.
Present law requires "actual value" to be determined at the time of purchase according to
criteria established by the secretary for both first-time registration and renewals.
Proposed law requires the "actual value" upon which the tax must be based for each renewal
to be the fair market value of the vehicle at the time of renewal according to criteria
established by the secretary.
Proposed law is applicable to renewals occurring on and after January 1, 2013.
Proposed law requires the rules and regulations implementing the provisions of the proposed SB NO. 713
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
law to be subject to oversight review by the Joint Legislative Committee on Transportation,
Highways and Public Works prior to September 1, 2012.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:463(A)(2))