HB3421 Steele 2-23 #3

Delegate Steele moves to amend the bill on page 9, line 69 after “… eliminated.” by inserting the following:

“Effective July 1, 2024, the municipal business and occupation or privilege tax on the sale of used automobiles having been formerly registered in the name of an individual shall be reduced by 33% percent of the total amount of the tax:  Provided, That, effective July 1, 2025, the municipal business and occupation or privilege tax on the sale of used automobiles having been formerly registered in the name of an individual shall be reduced by an additional 33% percent of the total amount of the tax: Provided, however, That effective July 1, 2026, the remaining municipal business and occupation or privilege tax on the sale of used automobiles having been formerly registered in the name of an individual shall be reduced by an additional 34% percent of the total amount of the tax: Provided further, That effective July 1, 2027, the municipal business and occupation or privilege tax on the sale of used automobiles having been formerly registered in the name of an individual shall be completely eliminated.”

Adopted

Rejected