2006 House Bill 6397

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

Introduced in the House

Sept. 5, 2006

Introduced by Rep. Dudley Spade (D-57)

To exempt from use tax the value of a trade-in on the purchase of a new motor vehicle. The buyer would only pay use 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