SB 626 - Under current law, the owner of an insured motor vehicle, trailer, boat, or outboard motor replaced due to theft or a total loss is entitled to a credit against the taxable price of a replacement purchased within 180 days.

This act removes the requirement that the insured loss was a total loss, provided that the vehicle has not been repaired.

ERIC VANDER WEERD

Statutes affected:
Introduced (2736S.01): 144.027

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 626
Sponsor: Hough
Hearing Date: 3/23/2021


COMMITTEE: Transportation, Infrastructure and Public Safety

CHAIRMAN: Brown

DATE REFERRED: 3/11/2021 DATE HEARING REQUESTED: 3/22/2021



STAFF:
Ashley Bax
Mary Grace Bruntrager
Heidi Kolkmeyer
Eric Vander Weerd


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Arnie C. AC "Honest-Abe" DIENOFF - State Public Advocate


WITNESSES AGAINST: