Altering the calculation of the vehicle excise tax imposed for the issuance of a certificate of title for certain leased vehicles to be a 6% of the capitalized cost reduction and each monthly lease payment; and repealing an exemption from the vehicle excise tax for a vehicle transferred to a lessee who exercises an option under a certain vehicle leasing agreement to purchase the leased vehicle at the end of the lease.
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2027
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Last Updated: 2/2/2022 3:03 PM