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Transportation committee pauses on vehicle valuation, sets follow-up to hear lieutenant governor and dealers on purchase-and-use tax changes
Summary
Committee reviewed language that would allow the DMV commissioner to set a process to value older used vehicles for purchase-and-use tax, add refunds deadlines and codify appeal/settlement procedures; members asked for testimony from the lieutenant governor, dealers and consumer groups before advancing the changes.
The House Committee on Transportation held a substantive discussion of multiple draft sections addressing how the state values used vehicles for purchase-and-use tax, timelines for claiming refunds and formal appeal and settlement procedures.
Committee staff and DMV described two related pieces of the draft: (1) language that explicitly authorizes the DMV commissioner to develop or revise processes for determining the value of vehicles that lack a clean trade-in value or JD Power values (the draft specifically mentions an approach for older vehicles), and (2) a new one-year deadline for requesting refunds of overpaid purchase-and-use tax. DMV witnesses said parts of the proposed language document current department practice but that the department opposes some…
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