AN ACT CONCERNING THE SALES TAX CALCULATION ON PRIVATE PASSENGER MOTOR VEHICLE SALES BETWEEN PRIVATE INDIVIDUALS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to provide that when one private individual enters into an agreement with another to purchase a private passenger motor vehicle and the agreed-upon purchase price is documented and notarized, such purchase price shall be the basis for calculating the sales tax payable on such motor vehicle.

Statement of Purpose:

To provide that the documented, notarized purchase price of a private passenger motor vehicle sold by one private individual to another shall be the basis for calculating the sales tax payable on such motor vehicle.