2009 Senate Bill 201

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

Introduced in the Senate

Feb. 5, 2009

Introduced by Sen. Alan Sanborn (R-11)

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

Referred to the Committee on Finance

March 10, 2009

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

March 11, 2009

Substitute offered

The substitute passed by voice vote

March 12, 2009

Amendment offered by Sen. Gilda Jacobs (D-14)

The amendment failed by voice vote

Passed in the Senate 30 to 7 (details)

Received in the House

March 12, 2009

Referred to the Committee on Tax Policy