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A04070 Summary:
| BILL NO | A04070A |
| SAME AS | SAME AS S03067-A |
| SPONSOR | Schimminger |
| COSPNSR | McDonald, Sayegh |
| MLTSPNSR | Hyndman |
| Amd §1111, Tax L | |
| Relates to terminal rental adjustment clauses in motor vehicle leases; provides that any increase in the consideration given pursuant to such clause upon termination of the lease shall be subject to tax, and that any decrease in the consideration given pursuant to such clause upon termination of the lease shall allow the lessor to claim a credit or refund of tax on such amount. | |