SSB 3159

This bill exempts certain leases or rentals between affiliates from the sales and use tax and from the fee for new vehicle registration.105A(2) has been paid by the lessor prior to the lease. _____ rental of personal property between affiliates when a sales tax, use tax, or fee for new registration for a vehicle has been paid by an affiliate on the personal property leased or rented prior to such lease or rental. The bill requires refunds of taxes, interest, or penalties arising from claims resulting from the enactment of the bill for leases or rentals occurring between January 1, 2015, and the effective date of the bill to be filed prior to October 1, 2022. Refunds of taxes, interest, or penalties shall not exceed $15,000 in the aggregate in any calendar year in which claims are eligible for a refund. If the amount of claims totals more than $15,000 in the aggregate for any calendar year in which claims are eligible for a refund, the department of revenue shall prorate the $15,000 in the aggregate among all the claimants for that particular calendar year. The bill defines “affiliate” to mean an entity that directly or indirectly controls, is controlled with or by, or is under common control with another entity. The bill defines “control” in most instances to mean the ownership, directly or indirectly, of percent or more of the voting power to elect directors. The bill takes effect upon enactment and applies retroactively to January 1, 2015, for leases or rentals occurring on or after that date.