Introduced
by
To exempt from use tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle. The buyer would only pay sales tax on the difference between the value of the trade-in and the purchase price of the replacement car. The tax break would be phased in steps through 2019.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To adopt a version that phases in the tax break over a longer period.
The substitute passed by voice vote
Amendment offered
by
To move back the bill's effective date to Oct. 1, 2013.
The amendment passed by voice vote
Amendment offered
by
To move forward the effective date of the tax break for watercraft purchases.
The amendment passed by voice vote
Passed in the Senate 36 to 0 (details)
To exempt from use tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle. The buyer would only pay sales tax on the difference between the value of the trade-in and the purchase price of the replacement. The tax break would be phased in gradually through 2021.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To also grant the tax break if the vehicle is bought from a used car dealer, rather than only if it is bought from a new car dealer.
The amendment passed by voice vote
Passed in the House 102 to 7 (details)
To exempt from use tax the value of a trade-in when buying a motor vehicle, titled watercraft or recreational vehicle, but phase this tax break in over 24 years. The phase-in would be suspended if the federal health care law's ("Obamacare") Medicaid expansion (authorized by House Bill 4714) is rescinded, but legal experts are divided over whether this would be allowed. See also Senate Bill 89.
Passed in the Senate 38 to 0 (details)
To concur with the House-passed version of the bill, which extended the tax break to vehicles purchased from a used care dealer.
