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Bill

A 4823

Exempts from sales and use taxes motor vehicles and rolling stock used by common carriers

2025 Regular Session Introduced by Karl Brabenec and 6 co-sponsors

Bill A 4823 exempts common carriers from sales and use taxes on vehicles, reducing costs for transportation companies and potentially lowering consumer prices.

REFERRED TO WAYS AND MEANS
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Bill Summary · A 4823

Summary of Bill A 4823

Bill Information

  • Bill Number: A 4823
  • Title: Exempts from sales and use taxes motor vehicles and rolling stock used by common carriers
  • Status: Referred to Ways and Means
  • Introduced: February 06, 2025
  • Classification: Bill

Purpose and Intent

Bill A 4823 aims to provide a tax exemption for motor vehicles and rolling stock that are utilized by common carriers. The intent behind this legislation is to reduce the financial burden on transportation companies, thereby promoting economic growth and efficiency within the transportation sector.

Key Provisions

  • Sales and Use Tax Exemption: The bill specifically exempts motor vehicles and rolling stock from state sales and use taxes when they are used by common carriers. This includes vehicles that transport goods or passengers for hire.
  • Definition of Common Carriers: The bill defines common carriers as entities that offer transportation services to the general public under the authority of a regulatory body.

Impact

  • Affected Entities: The primary beneficiaries of this bill would be common carriers, including trucking companies, freight services, and public transportation providers. By alleviating tax liabilities, these businesses may experience reduced operational costs.
  • Economic Implications: The exemption could lead to lower transportation costs, potentially resulting in lower prices for consumers and increased competitiveness for businesses relying on transportation services.

Procedural Aspects

  • Legislative Process: As of February 6, 2025, the bill has been referred to the Ways and Means Committee for further consideration. The timeline for subsequent actions, including potential hearings or votes, is not specified at this stage.

Related Bills

This bill is related to several prior-session bills, which may provide context or background on similar legislative efforts:
- A 7072
- A 6683
- A 7104
- A 5597
- A 4809
- A 3678

Conclusion

Bill A 4823 represents a significant legislative effort to support common carriers by exempting them from certain taxes. This could enhance the operational efficiency of transportation services and contribute positively to the economy. Stakeholders in the transportation industry and policymakers will be closely monitoring its progress through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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