2001 Senate Bill 130

Introduced in the Senate

Feb. 6, 2001

Introduced by Sen. David Jaye (R-12)

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 Finance