AN ACT relating to motor vehicle usage tax.
     Amend KRS 138.450 to provide that the "retail price" of new motor vehicles is the total consideration as attested to in an affidavit signed by both the buyer and seller or, when there is no affidavit, "retail price" is 90% of the manufacturer's suggested retail price; provide that "retail price" for used motor vehicles previously registered in another state or country is the value given in the automotive reference manual; provide that "retail price" for dealer demonstrator motor vehicles and previous year motor vehicles is the total consideration as attested to in an affidavit signed by both the buyer and seller or if there isn't an affidavit, "retail price" is 85% of the retail price of a new motor vehicle; provide that "retail price" for used motor vehicles previously registered in this state is the total consideration as attested in an affidavit signed by both the buyer and the seller or if there isn't an affidavit, "retail price" is the value given in the automotive reference manual; amend KRS 138.460 to conform; make effective August 1, 1998.

     (Prefiled by the sponsor(s).)

     Jan 6-introduced in House
     Jan 7-to Appropriations and Revenue (H)