This bill amends the North Dakota Century Code to provide a motor vehicle excise tax exemption for abandoned vehicles that are taken into custody by commercial towing services. Specifically, it modifies subsection 2 of section 23.1-15-07, allowing towing services to obtain a release from the Department of Transportation that grants them sufficient title to dispose of the abandoned vehicle. The amendment ensures that the Department of Transportation will not assess motor vehicle excise tax on these vehicles, thereby facilitating their registration and title transfer free of liens and claims.

Additionally, the bill creates a new subsection to section 57-40.3-04, explicitly stating that any motor vehicle transferred under the amended subsection 2 of section 23.1-15-07 is exempt from the excise tax. This legislative change aims to streamline the process for towing services dealing with abandoned vehicles and reduce the financial burden associated with the excise tax, ultimately promoting the efficient disposal and registration of such vehicles.

Statutes affected:
INTRODUCED: 23.1-15-07
Enrollment: 23.1-15-07