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Senate committee rejects bill to credit sales tax on certain total‑loss settlements
Summary
House Bill 18‑45 would have allowed a sales‑tax credit when an insurer's total‑loss settlement did not reimburse sales tax for vehicles that fell below $4,000; DFA said regulation ambiguity should be resolved first and the committee voted the bill down.
Representative Gates presented House Bill 18‑45, which would let an insured claim a trade‑in equivalent credit toward a replacement vehicle purchase when the insured’s totaled vehicle had been purchased for more than $4,000 but a subsequent insurance settlement left its value below $4,000 and did not reimburse sales tax.
Representative Gates framed the measure as a narrow fix that…
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