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Legislature advances bill to tax vehicle transfers by notarized bill of sale, supporters say it will ease abandoned-vehicle problem
Summary
Senators moved vetoed Bill 88-38 COR into the third-reading file to consider overriding a gubernatorial veto. The bill would change vehicle-transfer taxation from Kelley Blue Book valuations to taxation based on a notarized bill of sale; supporters said it reduces burdens that lead to abandoned vehicles while opponents warned of potential fraud.
The Legislature voted to place vetoed Bill 88-38 COR into the third-reading file for consideration of an override of the governor’s veto. The bill would repeal the current vehicle-transfer tax valuation method that uses Kelley Blue Book values and instead base taxes on the notarized bill of sale.
The bill's sponsor described repeated accounts of residents abandoning title…
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