SB 625 - Current law allows a taxpayer to take a credit for sales tax paid on certain vehicles when such vehicle is a replacement of a vehicle that is lost due to theft or a casualty loss and such purchase is made within 180 days of the insurance payment or date of loss, whichever is applicable. This act modifies such provision by increasing the 180 day period to two years.

JOSH NORBERG

Statutes affected:
Introduced (2715S.01): 144.027

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 625
Sponsor: Hough
Hearing Date: 3/30/2021


COMMITTEE: Economic Development

CHAIRMAN: Hoskins

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



STAFF:
Rachel Bauer
Josh Norberg
Kelley Rogers
Chris Sutherland


WITNESSES GIVING INFORMATION:



WITNESSES FOR:



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