2003 House Bill 4068

Introduced in the House

Jan. 28, 2003

Introduced by Rep. Doug Spade (D-57)

To exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle. 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 Tax Policy