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3.606 -Exemption for Trade-in Allowances for Motor Vehicles and Trailers

Item	Description	FY2008	FY2009	FY2010
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: $84.4	80.5	83.2	84.4

Key:

ORIGIN
M.G.L.	Massachusetts General Laws
ESTIMATES	All estimates are in $ millions.