Vehicle Excise Tax - Leased Vehicles - Alteration
Sponsor: Delegate AttarCommittee: Ways and MeansSubject: Taxes - TransportationStatus: Hearing 2/01 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Altering the calculation of the vehicle excise tax imposed for the issuance of a certificate of title for certain leased vehicles to be a 6% of the capitalized cost reduction and each monthly lease payment; and repealing an exemption from the vehicle excise tax for a vehicle transferred to a lessee who exercises an option under a certain vehicle leasing agreement to purchase the leased vehicle at the end of the lease.
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Testimony (6)
MGA witness listFAV 5FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Schneiderman, Franzlobbyist | Consumer Auto | Position only |
| FAV | Kitzmiller, Peter | Maryland Auto Association | Oral |
| FAV | Cohen, Lou | Individual | Oral |
| FAV | Delegate Attar, Delegate Attarlegislator | Individual | Oral |
| FAV | Stern, Isadoralobbyist | Individual | Written (PDF) |
| INFO | Westervelt, Patricia | Maryland Department of Transportation | Written (PDF) |