Text: SF02156 Text: SF02158 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 423.4, Code Supplement 1999, is amended 1 2 by adding the following new subsection: 1 3 NEW SUBSECTION. 21. New truck chassis with a gross 1 4 vehicle weight rating of nineteen thousand pounds or more, 1 5 when purchased by a used motor vehicle dealer licensed under 1 6 chapter 322, which are to be modified by the mounting on the 1 7 chassis of municipal equipment, construction cranes, hook 1 8 loaders or related equipment and which are to be sold after 1 9 such modification. The used motor vehicle dealer may use the 1 10 modified motor vehicle for demonstration purposes without loss 1 11 of this exemption. Use tax shall be collected upon the 1 12 subsequent sale of the modified motor vehicle to a person 1 13 subject to the use tax. 1 14 EXPLANATION 1 15 The bill exempts from the state use tax the purchase of new 1 16 truck chassis by a licensed used motor vehicle dealer which 1 17 are to be modified by the mounting on the chassis of municipal 1 18 equipment, construction cranes, hook loaders or related 1 19 equipment and which are to be sold after such modification. 1 20 Use tax shall be collected upon the sale of the modified 1 21 vehicle. 1 22 LSB 6140SS 78 1 23 mg/cf/24.1
Text: SF02156 Text: SF02158 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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