2001 Senate Bill 680

Introduced in the Senate

Oct. 2, 2001

Introduced by Sen. Dale Shugars (R-21)

To exempt from use tax the value of a trade-in on the purchase of a new vehicle, watercraft, aircraft, or piece of heavy equipment. In other words, the buyer would only pay sales tax on the difference between the value of the trade in and the purchase price of the new unit.

Referred to the Committee on Finance