S.B. No. 497
Session Year 2023
 


AN ACT ELIMINATING THE PROPERTY TAX ON MOTOR VEHICLES AND ESTABLISHING THE MOTOR VEHICLE PROPERTY TAX REVENUE REPLACEMENT ACCOUNT.

To eliminate the property tax on motor vehicles and replace resulting lost municipal revenue through the imposition of a tax on insurers on total direct net premiums from certain insurance policies.

Introduced by:
Planning and Development Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 3/22/2023(LCO)Filed with Legislative Commissioners' Office
 3/22/2023(PD)Joint Favorable Substitute
 3/15/2023Referred to Joint Committee on Planning and Development
 3/14/2023Drafted by Committee
 3/10/2023(PD)Vote to Draft
 2/10/2023Public Hearing 02/15
 2/3/2023(PD)Reserved for Subject Matter Public Hearing
 1/18/2023Referred to Joint Committee on Planning and Development

Co-sponsors of SB-497

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