GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

H	1 

HOUSE BILL 466

Short Title:  Exempt Low-Value Trailers.	(Public)

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Sponsors: Representatives Capps; Brawley, Buchanan, Cansler, Cummings, Davis, Decker, Eddins, Edwards, Ellis, Hurley, Ives, Linney, McComas, McCombs, K. Miller, Nichols, Preston, Rayfield, Reynolds, Russell, and Snowden.

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Referred to:  Transportation, if favorable, Finance.

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March 13, 1995

A BILL TO BE ENTITLED
AN ACT TO EXEMPT LOW-VALUE UTILITY TRAILERS FROM THE HIGHWAY USE TAX.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-187.6 is amended by adding a new subsection to read:
"( d)	Utility Trailers. – The tax imposed by this Article does not apply when a certificate of title is issued as the result of a transfer of a utility trailer that has a retail value of three hundred dollars ($300.00) or less.  The minimum tax imposed by this Article does not apply when a certificate of title is issued as the result of a transfer of a utility trailer that has a retail value of more than three hundred dollars ($300.00) but not more than six hundred dollars ($600.00)."
Sec. 2.  G.S. 105-187.1 is amended by adding a new subdivision to read:
"(5)	'Utility trailer' means a boat trailer, an animal trailer, a camping trailer, or another utility trailer that is not a commercial motor vehicle."
Sec. 3.  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.  In adopting a schedule of values for trailers, the Commissioner shall adopt presumed values for homemade utility trailers based on size and for used utility trailers based on age and size.  The Commissioner may require a taxpayer to furnish documentation to establish the value of a homemade or used utility trailer."
Sec. 4.  This act becomes effective July 1, 1995.