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Committee approves bill to extend loaner-vehicle TAVT window from 30 to 45 days
Summary
A committee considered and approved bill LC392504S to change the threshold for remitting full TAVT on dealer loaner vehicles from 30 to 45 days to close an identified loophole; the transcript records a voice vote but does not provide a numeric tally.
A legislative committee voted to approve bill LC392504S, which changes the timeframe for when motor vehicle dealers must remit full TAVT on dealer loaner vehicles from 30 days to 45 days, closing a loophole noted by the bill's presenter.
The bill's presenter told the committee that under current practice "if you have a vehicle that is in the shop for more than 30 days and that person has a loaner vehicle from that dealership and they keep…
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