HB1141

This bill adds a new option for calculating sales tax on used vehicles given as gifts or transferred between private individuals—allowing the tax to be based on a submitted bill of sale instead of automatically using retail value when no bill of sale is provided. Currently, if someone receives a used vehicle as a gift or transfer and doesn't submit a bill of sale to the county treasurer, the state assesses tax based on the vehicle's retail value; this change gives people an alternative method to determine the taxable purchase price.