Enrolled Senate Bill (S)

DIGEST

Sales tax on recreational vehicles and cargo trailers. Provides that in the case of a transaction that: (1) occurs after June 30, 2017, and before July 1, 2019; (2) is not exempt from sales tax; and (3) involves a cargo trailer or recreational vehicle that: (A) is purchased by a nonresident; (B) the purchaser intends to transport outside Indiana and title or register in another state or country; and (C) will not be titled or registered in Indiana; the sales tax rate on the cargo trailer or recreational vehicle is the rate of the other state or other country in Sales tax on recreational vehicles and cargo trailers. Provides that in the case of a transaction that: (1) occurs after June 30, 2017, and before July 1, 2019; (2) is not exempt from sales tax; and (3) involves a cargo trailer or recreational vehicle that: (A) is purchased by a nonresident; (B) the purchaser intends to transport outside Indiana and title or register in another state or country; and (C) will not be titled or registered in Indiana; the sales tax rate on the cargo trailer or recreational vehicle is the rate of the other state or other country in which the cargo trailer or recreational vehicle will be titled or registered, as certified by the seller and purchaser in an affidavit. Authorizes the department of state revenue (department), with the approval of the governor and the budget agency after the review of the state budget committee, to enter into reciprocal agreements with other states concerning a sales tax exemption for cargo trailers and recreational vehicles that will be purchased in a state by a nonresident and then titled in another state. Requires the department to report to the interim study committee on fiscal policy concerning efforts to enter into such reciprocity agreements. ... View more