To exempt from sales tax the value of a trade-in when buying a new motor vehicle or titled watercraft. The buyer would only pay sales tax on the difference between the value of the trade-in and the purchase price of the new car. The tax break would be phased in steps through 2015.   Official Text and Analysis.

Without amendment and with the recommendation that the bill pass.

To extend the bill to recreational vehicles.

To extend the tax break to a person who sells a used vehicle to one dealer and buys a new one from another dealer within 60 days.

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

To strip out the "sales tax on the difference" provisions and make this a "vehicle" bill for new gas station price posting regulations.

To require prices posted on gas station fuel pumps and roadside advertising to be the full price rather than a "cash discount" or other conditional price. If there are any conditions these would have to be posted in lettering at least half the size of the posted price. The "sales tax on the difference" provisions were removed to make this a "vehicle" bill for these new regulations.