Bill Summary for S 860 (2011-2012)
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Summary date:
May 22 2012
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO ELIMINATE THE ODOMETER MILEAGE REPORT REQUIREMENTS AND ESTABLISH A RETAIL PRICE PAID FOR EXCISE TAX PURPOSES FOR NEW VEHICLE SALES BY MANUFACTURERS DIRECTLY TO THE STATE, A UNIT OF LOCAL GOVERNMENT, VOLUNTEER FIRE DEPARTMENTS, OR RESCUE SQUADS IN CONFORMITY WITH FEDERAL GOVERNMENT CONTRACT SPECIFICATIONS.Intro. by Vaughan.
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Bill summary
Amends GS 20-347(d), adding a new subdivision (6), to provide that the mileage disclosure requirements of the statute do not apply to a vehicle sold by a manufacturer directly to a state agency, a unit of local government, a volunteer fire department, or a volunteer rescue squad.
Amends GS 105-187.3(b) regarding the retail price paid for excise tax purposes for new vehicle sales as the title indicates.