Text: SF02156                           Text: SF02158
Text: SF02100 - SF02199                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index



Senate File 2157

Partial Bill History

Bill Text

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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