HB1321

This bill changes how county treasurers calculate excise tax on used vehicles sold between private individuals (not dealers) by requiring them to use the amount listed on the bill of sale rather than other valuation methods. Currently, the law allows dealers more flexibility in how purchase price is calculated for used vehicles, but this bill standardizes the process for private sales to rely on the bill of sale amount. This creates a clearer, more uniform way to determine what tax private sellers and buyers owe on used vehicle transactions.