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2020 SESSION

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HB 1019 Motor vehicle sales and use tax; definition of sale price, trade-in vehicles.

Introduced by: Les R. Adams | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motor vehicle sales and use tax; definition of sale price; trade-in vehicles. Provides that for the purposes of calculating the motor vehicle sales and use tax for new vehicle purchases only, the sale price shall be reduced by the value of any trade-in vehicle. Under current law, no allowance or deduction is given for the value of a trade-in vehicle.


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