TAX EXEMPTIONS: Provides for a sales and use tax exemption for the cost of repairs and parts for certain rented or leased motor vehicles. (7/1/25) (EG1 DECREASE GF RV See Note)

SB 241 establishes a sales and use tax exemption for the parts and materials required to repair certain motor vehicles that are rented or leased. This means businesses involved in renting or leasing these vehicles would not pay sales tax on these specific repair components. The exemption is scheduled to become effective on July 1, 2025, and will no longer apply to taxable periods on or after July 1, 2030.