This act exempts the sales of motor vehicles by family members to family members from excise tax. To qualify for the exemption, (1) the sale or transfer of the motor vehicle must be made by an immediate family member to an immediate family member. For purposes of this act, an immediate family member is a parent, child, spouse, sibling, stepparent, stepchild, stepsibling, grandparent or grandchild; and (2) the seller or donor of the motor vehicle must have paid the required excise tax when purchasing or receiving the vehicle. AN ACT relating to taxation and revenue; providing a sales tax and use tax exemption to the purchase or transfer of a motor vehicle to family members as specified; making conforming amendments; and providing for an effective date.