What is the Personal Property Tax Relief Act?
The Personal Property Tax Relief Act of 1998 provides tax relief for passenger cars, motorcycles, and pickup or panel trucks having a registered gross weight of less than 7,501 pounds. To qualify, a vehicle must be owned by an individual or leased by an individual under a contract requiring the individual to pay the personal property tax; AND be used less than 50% for business purposes. Motor homes, trailers, and farm use vehicles do not qualify for tax relief.
The Personal Property Tax Relief Act of 1998 provides tax relief for passenger cars, motorcycles, and pickup or panel trucks having a registered gross weight of less than 7,501 pounds. To qualify, a vehicle must: be owned by an individual or leased by an individual under a contract requiring the individual to pay the personal property tax; AND be used less than 50% for business purposes. Motor homes, trailers, and farm use vehicles do not qualify for tax relief.
