3.606 -Exemption for Trade-in Allowances for Motor Vehicles and Trailers
Item | Description | FY2010 | FY2011 | FY2012 |
---|---|---|---|---|
3.606 | Exemption for Trade-in Allowances for Motor Vehicles and Trailers
In most cases, motor vehicles and trailers bought in a trade-in transaction are only subject to sales tax on the excess of the purchase price over the amount credited for the trade-in. Origin: M.G.L c. 64H, S. 26, c. 64I, S. 27 Estimate: $94.5 |
87.4 | 92.1 | 94.5 |
Key:
ORIGIN | |
M.G.L. | Massachusetts General Laws |
---|---|
ESTIMATES | All estimates are in $ millions. |
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