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Legislation watch
2009 Senate Bill 201: Vehicle trade-in “use tax on the difference” only
Introduced by Sen. Alan Sanborn R- on February 5, 2009
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. Official Text and Analysis.
Referred to the Senate Finance Committee on February 5, 2009
Reported in the Senate on March 10, 2009
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered in the Senate on March 11, 2009
The substitute passed by voice vote in the Senate on March 11, 2009
Amendment offered by Sen. Gilda Jacobs D- on March 12, 2009
The amendment failed by voice vote in the Senate on March 12, 2009
Received in the House on March 12, 2009
Referred to the House Tax Policy Committee on March 12, 2009