Establishes a one-time one year period to set up payment plans for unpaid vehicle sales tax

HB 1643 establishes a one-year period allowing vehicle owners to set up payment plans for unpaid sales tax on cars, boats, and trailers. The bill requires owners to provide proof of purchase price to the Department of Revenue before receiving a title or registration, and it sets rules for how tax should be calculated if that price is unknown. It also updates regulations for vehicle leasing companies, requiring them to pay sales tax on rentals or, alternatively, to remit the tax upfront when registering vehicles. Additionally, the legislation outlines requirements for fleet owners to post financial bonds and clarifies how corporations can manage multiple divisions as separate leasing entities.