HB 63, Fair Market Value of a Leased Motor Vehicle

Municipal Impact
Position
Contact

Rep. Shaw Blackmon
District 146
Contact Info

Evaluating
Last Updated:
Subject Area:
Resources:
2/5/2021
Taxation |
bill text

This bill revises the calculation of the fair market value of a leased motor vehicle for purposes of title ad valorem tax (TAVT). Under this bill the value of a motor vehicle leased primarily for personal use will not include interest or finance charges included in base or down payments. 

BILL STATUS
1/1/2022 - Effective Date 5/4/2021 - Act 169 5/4/2021 - Date Signed by Governor

Votes

3/17/2021 Senate Vote #218 Yea - 54 Nay - 0 Not Voting - 0 Excused - 2
3/17/2021 Senate Vote #216 Yea - 32 Nay - 17 Not Voting - 4 Excused - 3
2/25/2021 House Vote #96 Yea - 166 Nay - 0 Not Voting - 8 Excused - 6