GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1991

H	1 

HOUSE BILL 1185

Short Title:  Mileage Affects Car Value.	(Public)
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Sponsors: Representatives DeVane; Bowman, Jones, and Lilley.
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Referred to:  Transportation.
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May 9, 1991

A BILL TO BE ENTITLED
AN ACT TO REQUIRE THE COMMISSIONER OF MOTOR VEHICLES TO FACTOR IN HIGH OR LOW MILEAGE IN DETERMINING MOTOR VEHICLE VALUES FOR TAX PURPOSES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-187.3(c) reads as rewritten:
"(c)	Schedules.  In adopting a schedule of values for motor vehicles, the Commissioner shall adopt a schedule whose values do not exceed the wholesale values of motor vehicles as published in a recognized automotive reference manual.  The schedule of values shall reflect the impact of low mileage, high mileage, and average mileage on the value of a used vehicle."
Sec. 2.  This act becomes effective September 1, 1991.