GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

S	1 

SENATE BILL 665

Short Title:  No Tax on School Buses.	(Public)

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Sponsors: Senators Hoyle and Perdue.

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Referred to:  Finance

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April 11, 1995

A BILL TO BE ENTITLED
AN ACT TO EXEMPT SCHOOL BUSES FROM HIGHWAY USE TAX.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-187.6(a) reads as rewritten:
"(a)	Full Exemptions. – The tax imposed by this Article does not apply when a certificate of title is issued as the result of a transfer of a motor vehicle:
(1)	To the insurer of the motor vehicle under G.S. 20-109.1 because the vehicle is a salvage vehicle.
(2)	To either a manufacturer, as defined in G.S. 20-286, or a motor vehicle retailer for the purpose of resale.
(3)	To the same owner to reflect a change or correction in the owner's name.
(4)	By will or intestacy.
(5)	By a gift between a husband and wife, a parent and child, or a stepparent and a stepchild.
(6)	By a distribution of marital property as a result of a divorce.
(7)	To a handicapped person from the Department of Human Resources after the vehicle has been equipped by the Department for use by the handicapped.
(8)	To a local board of education for use in the driver education program of a public school when the motor vehicle is transferred:
a.	By a retailer and is to be transferred back to the retailer within 300 days after the transfer to the local board.
b.	By a local board of education.
(9)	To the State or a local board of education when the motor vehicle is a school bus and is to be used for public school transportation."
Sec. 2.  This act becomes effective July 1, 1995, and applies to certificates of title issued on or after that date.