SB 2064 - Ends inheritance car tax

SB 2064 eliminates the motor vehicle gift tax when a car is inherited from a deceased family member’s estate. While gifts between close family members are already exempt from this tax, inheritances from estates were oddly still taxed—this bill fixes that inconsistency. Removing the tax reduces the financial burden on grieving families, particularly those with modest means. It also prevents the government from taxing the same asset multiple times and simplifies the estate process. This bill respects private property rights, eliminates unnecessary taxation, and reduces bureaucratic red tape.