Bill Summary for S 326 (2017-2018)
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AN ACT TO CLARIFY THE APPLICATION OF THE HIGHWAY USE TAX TO OUT-OF-STATE VEHICLES TITLED IN THIS STATE, TO IMPROVE THE VEHICLE TITLING PROCESS BY ELIMINATING DUPLICATIVE REQUIREMENTS, AND TO DIRECT DMV TO TITLE AND REGISTER HIGH-MOBILITY MULTIPURPOSE VEHICLES.Intro. by Tillman, Meredith.
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Amends GS 105-187.6 (Exemptions from highway use tax) to make the listed exemptions in subsections (a) and (b) of this statute, except for three of them in (a) (concerning transfers of a vehicle to manufacturers or vehicle retailers, specified volunteer fire departments or volunteer rescue squad vehicles, and State agencies from a local government, volunteer fire department, or volunteer rescue squad), not applicable to certificates of title issued for a motor vehicle titled in another state at the time of the transfer. Specifies that the partial exemptions in the statute do no apply to a title issued for a vehicle titled in another state at the time of the transfer.
Repeals GS 20-52(a)(4 through 6) (regarding information concerning insurance coverage that is required for an application for registration and certificate of title). Amends GS 20-52(a) by adding that an application for registration and certificate for the title must include a statement that the owner has proof of financial responsibility.
Amends GS 58-2-164(b) to make the Class 3 misdemeanor described there only apply to false or misleading information on applications for issuance of or amendment to a policy of auto insurance (currently, applications for issuance of or amendment to a policy of auto insurance or for vehicle registration pursuant to GS 20-52(a)(4) and (a)(5)).
The repeal in and changes to GS 20-52 and the amendment to GS 58-2-164 are effective July 1, 2017. The remainder is effective when the bill becomes law.