2007 House Bill 4230

Vehicle trade-in “sales tax on the difference” only

Introduced in the House

Feb. 7, 2007

Introduced by Rep. Tom Pearce (R-73)

To exempt from sales tax the value of a trade-in on the purchase of a new motor vehicle. The buyer would only pay sales tax on the difference between the value of the trade-in vehicle and the purchase price of the new vehicle.

Referred to the Committee on Tax Policy