2011 House Bill 4138

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

Introduced in the House

Jan. 26, 2011

Introduced by Rep. Paul Scott (R-51)

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

Referred to the Committee on Tax Policy