2012 -- H 7640

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LC01572

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO TAXATION -- EXCISE ON MOTOR VEHICLES AND TRAILERS

     

     

     Introduced By: Representative Stephen R. Ucci

     Date Introduced: February 16, 2012

     Referred To: House Finance

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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bus, truck, or trailer by a bus or trucking company in interstate commerce shall not be subject to

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the provisions of the excise tax imposed by this chapter, on the condition that the bus, truck

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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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LC01572

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

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 an 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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LC01572

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H7640