Introduced
by
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
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
The amendment failed by voice vote
Passed in the Senate 30 to 7 (details)
Referred to the Committee on Tax Policy
