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Committee discusses revised HB 107: late‑registration penalties and capped tax credit to offset private‑sale tax disparity
Summary
Representative Tuscher presented a second substitute to HB 107 that would add late‑registration penalties (a $50 penalty after a 30‑day grace period plus $50 per month up to 12 months) and place those fees in a restricted account used to fund a capped, nonrefundable income‑tax credit intended to partially align private vehicle‑sale taxation with dealer trade‑in treatment; committee held the bill for further work.
Representative Tuscher presented the second substitute to HB 107 as a two‑part approach: first, incentivize on‑time vehicle registration through late‑registration penalties; second, use revenue from those penalties (and penalties for out‑of‑state avoided registration) to seed a restricted account that would partially fund a nonrefundable income‑tax credit to reduce the sales‑tax disparity when private vehicle sales accompany a purchase.
Under the substitute, a 30‑day grace…
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