Vote Smart's Synopsis:

Vote to adopt a conference report that establishes the minimum value of a vehicle, for tax purposes, as 80 percent of the "standard presumptive value," unless the purchaser can establish a lower value by an appraisal performed by a licensed appraiser or licensed motor vehicle dealer; to establish the minimum value of a vehicle for registration tax purposes when someone other than a licenseds motor vehicle dealer sells the vehicle. The report requires the Texas Department of transportation to establish "standard presumptive values" for vehicles based on published guidebooks. The value of vehicles sold by licensed dealers may be established by a receipt or invoice.

Full Bill Text