2001 House Bill 4163

Introduced in the House

Feb. 8, 2001

Introduced by Rep. Doug Spade (D-57)

To exempt from sales tax the value of a trade-in vehicle on the purchase of a new car. In other words, a new car buyer would only pay sales tax on the difference between the value of the trade in and the purchase price of the new car.

Referred to the Committee on Tax Policy