Bill

Bill > HB569


LA HB569

Establishes a state and local sales and use tax exemption for certain antique motor vehicles and increases the fee for issuance of certain license plates for antique motor vehicles (EN DECREASE GF RV See Note)


summary

Introduced
03/29/2019
In Committee
05/20/2019
Crossed Over
04/30/2019
Passed
05/29/2019
Dead
Signed/Enacted/Adopted
06/18/2019

Introduced Session

2019 Regular Session

Bill Summary

AN ACT 2 To amend and reenact R.S. 47:463.8(B)(1)(b) and (3) and to enact R.S. 47:337.9(D)(34) and 3 6040, relative to state and local taxes and fees; to establish a state and local sales and 4 use tax exemption for certain antique motor vehicles; to provide with respect to the 5 fee for license plates for certain antique motor vehicles; to impose fees; to provide 6 for definitions; to provide for requirements and limitations; to provide for 7 applicability; to provide for an effective date; and to provide for related matters. 8

AI Summary

This bill establishes a state and local sales and use tax exemption for certain antique motor vehicles, defined as vehicles manufactured at least 25 years ago and valued over $10,000 that are not used for commercial purposes. It also increases the fee for issuing license plates for these qualifying antique motor vehicles from $25 to $1,000. The provisions of the bill are applicable to sales, registration, or transfer of these antique motor vehicles beginning on and after July 1, 2019.

Committee Categories

Budget and Finance

Sponsors (17)

Last Action

Effective date: 07/01/2019. (on 06/19/2019)

bill text


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