Introduced by Sen. Alan Sanborn (R) on February 5, 2009, to exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle or boat. The buyer would only pay sales tax on the difference between the value of the trade-in and the purchase price of the new vehicle or boat. Full Text and Analysis.
Referred to the Senate Finance Committee on February 5, 2009.
Reported in the Senate on March 10, 2009, with the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered in the Senate on March 11, 2009.
The substitute passed by voice vote in the Senate on March 11, 2009.
Amendment offered by Sen. Gilda Jacobs (D) on March 12, 2009.
The amendment failed by voice vote in the Senate on March 12, 2009.