Randi Becker voted Yea (Passage) on this Legislation.
Title: Expands Vehicle Valuation Methods
Title: Expands Vehicle Valuation Methods
Vote to pass a bill that expands vehicle valuation methods and requires a motor vehicle excise tax, effective immediately.
Requires vehicle values to be calculated using formulas based on the Kelley Blue Book or National Automobile Dealers Association, whichever determines the lowest price (Sec. 3).
Requires a regional transit authority in a county with a population of more than 1.5 million to pay a vehicle excise tax impact assessment, which is deposited into the motor vehicle fund (Sec. 1).
Requires the rate of assessment to be $1 per motor vehicle excise tax payment occurring annually within the authority’s boundaries (Sec. 1).
Requires state revenue generated by county motor vehicle excise tax impact assessments to provide funds to mitigate the impact of vehicle loads on state roads and highways (Sec. 1).
Authorizes a regional transit authority to contract with the Department of Licensing for the collection of a motor vehicle excise tax if (Sec. 2):
The tax is based solely on the vehicle valuation method; and
The total tax is levied at a rate of no more than five-tenths of 1 percent on the value of the vehicle.
Requires the contracts to provide the Department of Licensing enough funds to fully cover costs applicable to the tax collection process, including (Sec. 2):
Customer service-related costs;
Information technology-related costs;
Public announcement and education costs;
Any liability or other related risk-assessment costs
Title: Expands Vehicle Valuation Methods