MA S1578

Bill

MA S1578

Relative to vehicle registration and sales tax

Introduced
04/15/2015

In Committee
04/15/2015

Crossed Over

Passed

Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to vehicle registration and sales tax. Revenue.

AI Summary

This bill proposes to change how the Department of Revenue, the state agency responsible for collecting taxes, treats certain types of financing for vehicles. Specifically, it states that "capital lease financing," which is a way to finance the use of an asset like a vehicle for a long period, should be treated the same as "debt financing" (borrowing money to buy something) and "track lease financing" (another type of lease agreement) when the state is collecting taxes. This means the state will not apply different tax rules based on these different financing methods, ensuring a consistent approach to tax collection for vehicle-related transactions.

Committee Categories

Budget and Finance

Sponsors (4)

Bruce Tarr (R)*, Viriato deMacedo (R), Robert Hedlund (R), Donald Humason (R),

Last Action

Accompanied a study order, see S2290 (on 05/12/2016)

Official Document

https://malegislature.gov/Bills/189/Senate/S1578

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/Senate/S1578
State Bill Page	https://malegislature.gov/Bills/189/S1578
Bill	https://malegislature.gov/Bills/189/S1578.pdf

Bill	Bill Name	Last Action	Type
S1261	Relative to police pursuits in the Commonwealth	Accompanied a study order, see S2362	Similar To
S1423	Relative to veteran creditable service for certain public retirees	Accompanied a study order, see S2314	Similar To
S1529	Relative to propane powered vehicle tax credit	Accompanied a study order, see S2290	Similar To
S1533	Relative to tax abatements for deaf residents	Accompanied a new draft, see S1959	Similar To
S1585	Relative to sales of motor vehicles	Accompanied a study order, see S2290	Similar To
S1709	To reduce energy burdens and increase competitiveness in the Commonwealth	Accompanied a study order, see S2386	Similar To
S1810	To protect vulnerable road users by requiring certain vehicles to be equipped with side under-ride guards and blind spot mirrors	Accompanied a study order, see S2387	Similar To
S1825	Clarifying the definition of commercial motor vehicles	Accompanied H3101	Similar To
S1881	To provide greater protection in registry of motor vehicle hearings	Accompanied a study order, see S2387	Similar To
S1889	Promoting road safety	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2290	Revenue matters	Reported in part by S1494	Replaced by
S2505	Promoting zero emission vehicle adoption	Signed by the Governor, Chapter 448 of the Acts of 2016	Similar To

Bill > S1578

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

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