Examples of Qualified motor vehicle in a sentence
Qualified motor vehicle A motor vehicle used, designed, or maintained for the transportation of people or property, meeting any one of the qualifications listed below.
Qualified motor vehicle does not include a recreational vehicle or any vehicle exempt from registration under section 168.012, subdivision 1, paragraph (a), clause (1).Subd.
Qualified motor vehicle A motor vehicle that is not an exempt vehicle and that is used, designed or maintained for transportation of persons or property, and; (1) having two axles and a gross vehicle or registered gross vehicle weight in excess of 26,000 pounds; or (2) having three or more axles, regardless of weight; (3) is used in combination when the weight of such combination exceeds of 26,000 pounds or 11,797 kilograms gross vehicle or registered gross vehicle weight.
Qualified motor vehicle does not include recreational vehicles.B. License Fee: A $5.00 license fee is charged on original and renewal applications.C. Application or Reinstatement Fee: A $20.00 handling fee is charged on original and reinstatement applications.
DEDUCTION ALLOWED ABOVE-THE-LINE.— Section 62(a) of the Internal Revenue Code of 1986, as amended by section 1, is amended by inserting after paragraph (22) the following new paragraph: ‘‘(23) Qualified motor vehicle taxes.— The deduction allowed under section 164 by reason of subsection (a)(6) thereof.’’.