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 vehicles transferred under this provision, thereby facilitating the registration and titling process for these vehicles.

Additionally, the bill introduces 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 eliminate financial burdens associated with excise taxes, ultimately promoting more efficient vehicle disposal and registration practices.

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