WA People
BILL · 2019–20 SESSION

SB 5042: RTA vehicle valuation

Establishing a vehicle valuation method for a regional transit authority collecting a motor vehicle excise tax that is based on Kelley blue book or national automobile dealers association values.

Summary

  • Requires a Regional Transit Authority (RTA) to establish a motor vehicle excise tax (MVET) market value adjustment program (MVAP).
  • Requires that the amount of a credit under the MVAP is the difference between the current MVET and an assumed MVET of 0.5 percent based on base model Kelley Blue Book values or National Automobile Dealers Association values, whichever is lower.
  • Requires Department of Licensing (DOL) to only contract with an RTA for collection of a MVET if it has implemented a MVAP, and any contract with a RTA must provide DOL with full cost recovery.

From the Senate Bill Report (Orig.) (SB 5042), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 14, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Steve O'Ban (R-28)
Introduced
January 14, 2019 in the Senate
Last action
January 13, 2020
Budget
Has a fiscal note

AN ACT Relating to establishing a vehicle valuation method for a regional transit authority collecting a motor vehicle excise tax that is based on Kelley blue book or national automobile dealers association values;

Sponsors

Prime sponsor: Steve O'Ban (R-28)

7 co-sponsors (2 Democrats, 5 Republicans)

Senator R-2Steve Conway D-29Phil Fortunato R-31Senator R-15Hans Zeiger R-25Mark Mullet D-5Shelly Short R-7

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Transportation.
  3. Prefiled for introduction.

SB 5042 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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