SB13 Alabama 2015 2nd Special Session

Existing law requires that the ad valorem tax due at the time of registration on a new motor vehicle registered for the first time with a manufacturer's certificate of origin where the motor vehicle meets the definition of Class IV property shall be deferred until the first renewal or other subsequent registration, whichever comes first.

The bill would remove the deferral of ad valorem taxes on a new motor vehicle registered for the first time with a manufacturer's certificate of origin where the motor vehicle meets the definition of Class IV property.

To amend Section 40-12-253 of the Code of Alabama 1975, relating to the deferral of ad valorem taxes on a new motor vehicle registered for the first time with a manufacturer's certificate of origin where the motor vehicle meets the definition of Class IV property; to remove such deferral of ad valorem taxes on a new motor vehicle registered for the first time with a manufacturer's certificate of origin where the motor vehicle meets the definition of Class IV property.