HCS HB 1284 -- SALVAGE MOTOR VEHICLES

This bill revises the definition of "salvage vehicle" to include
any motor vehicle, semitrailer, or house trailer which has been
damaged to the extent that the total cost of repairs to rebuild
the vehicle to its condition immediately before it was damaged
exceeds 75% of the fair market value of the vehicle prior to the
damage.

The total cost of repairs to rebuild or reconstruct a vehicle
will not include the cost of repairing, replacing, or
reinstalling inflatable safety restraints, tires, sound systems,
or any sales tax on parts or material to rebuild or reconstruct a
vehicle.  The bill also defines "fair market value."

Salvage titles may be negotiable with one reassignment on the
title by a registered dealer or an insurance company.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am