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2012 -- S 2241 | |
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LC00482 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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A N A C T | |
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RELATING TO TAXATION -- EXCISE ON MOTOR VEHICLES AND TRAILERS | |
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Introduced By: Senator William A. Walaska | |
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Date Introduced: January 26, 2012 | |
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Referred To: Senate Finance | |
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It is enacted by the General Assembly as follows: | |
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SECTION 1. Section 44-34-4.1 of the General Laws in Chapter 44-34 entitled "Excise on |
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Motor Vehicles and Trailers" is hereby amended to read as follows: |
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44-34-4.1. Exemptions for buses, trucks and trailers in interstate commerce. – |
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(a) Notwithstanding any provision of the general laws to the contrary, the operation of a |
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the provisions of the excise tax imposed by this chapter, on the condition that the |
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and/or trailer is utilized exclusively in interstate commerce. |
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(b) Notwithstanding any provision of the law or regulation to the contrary, the operation |
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of a bus by a bus company in interstate commerce shall not be subject to the provisions of the |
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excise tax imposed by this chapter, on the condition that the bus is used eighty percent (80%) or |
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more of the time in interstate commerce and provided that the bus company shall provide a |
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properly executed affidavit attesting to the fact that the bus is used no less than eighty percent |
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(80%) of the time in interstate commerce. |
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SECTION 2. This act shall take effect upon passage. |
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LC00482 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO TAXATION -- EXCISE ON MOTOR VEHICLES AND TRAILERS | |
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This act would provide that buses, trucks and trailers operated by a bus company or truck |
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company would not be subject to excise tax on the condition that the bus, truck and/or trailer is |
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utilized for more than eighty percent (80%) of the time in interstate commerce. |
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This act would take effect upon passage. |
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LC00482 | |
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