Home > Tax Expenditure Budget > Summary > Sales and Use Tax > Miscellaneous Exemptions > 3.606 - Exemption for Trade-in Allowances for Motor Vehicles and Trailers

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

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
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: $114.9	92.6	107.1	109.1	111.7	114.9

Key:

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