Introduced House Bill (H)

Authored by

DIGEST

Use of proceeds from forfeited property. Provides that: (1) money; or (2) proceeds from the sale of property; that has been seized and forfeited because of its connection to the violation of certain criminal statutes may not be used to purchase a passenger motor vehicle if the value of the motor vehicle is greater than the maximum value of a Class XV vehicle as determined under the law concerning the motor vehicle excise tax. (Under current law, the value of a Class XV vehicle is at least $30,000 but less than $35,000.) Use of proceeds from forfeited property. Provides that: (1) money; or (2) proceeds from the sale of property; that has been seized and forfeited because of its connection to the violation of certain criminal statutes may not be used to purchase a passenger motor vehicle if the value of the motor vehicle is greater than the maximum value of a Class XV vehicle as determined under the law concerning the motor vehicle excise tax. (Under current law, the value of a Class XV vehicle is at least $30,000 but less than $35,000.)