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.
House committee substitute amends the 1st edition, adding subdivision (a)(1) of GS 105-187.6 to the highway use tax exemptions set forth in new GS 105-187.6(d), which remain applicable to certificates of title issued for a motor vehicle titled in another state at the time of the transfer. GS 105-187.6(a)(1) exempts from application of the highway use tax where certificate of title is issued as the result of a transfer of a motor vehicle to (1) the insurer of the motor vehicle under GS 20-109.1 because the vehicle is a salvage vehicle or (2) a used motor vehicle dealer under GS 20-109.1 because the vehicle is a salvage vehicle that was abandoned.
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