Bill Summary for S 326 (2017-2018)
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Summary date:
May 23 2017
S.L. 2017-69
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
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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Bill summary
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.