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Amend the amendment by striking out the substitute title and replacing it with the following:
‘An Act To Reduce the Excise Tax Imposed on New Vehicles’
Amend the amendment in section 1 in paragraph C by striking out all of the first paragraph (page 1, lines 17 to 27 in amendment) and inserting the following:
 
‘C. For the privilege of operating a motor vehicle or camper trailer on the public ways, each motor vehicle, other than a stock race car, or each camper trailer to be so operated is subject to excise tax as follows, except as specified in subparagraph (3), (4) or (5): a sum equal to 24 mills on each dollar of the maker's listpurchase price for the first or current year of model,a new motor vehicle; and a sum equal to 17 1/2 mills on each dollar of the maker's list price for the 2nd year of model, 13 1/2 mills for the 3rd year, 10 mills for the 4th year, 6 1/2 mills for the 5th year and 4 mills for the 6th and succeeding years. The minimum tax is $5 for a motor vehicle other than a bicycle with motor attached, $2.50 for a bicycle with motor attached, $15 for a camper trailer other than a tent trailer and $5 for a tent trailer. The excise tax on a stock race car is $5. As used in this paragraph, "new motor vehicle" means a motor vehicle that is covered by a manufacturer's new car warranty and that has not been previously registered.’
 
SUMMARY
This amendment removes the provision of Committee Amendment "A" that imposed the motor vehicle excise tax on 90% of the maker's list price and instead provides that for new vehicles for the first year of registration only, the excise tax is based on the purchase price of the motor vehicle. For the 2nd and subsequent years, the excise tax is based on the maker's list price. A new motor vehicle means one that has not been previously registered and that is covered by a manufacturer's new car warranty.