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

Item DescriptionFY2015 FY2016 FY2017 FY2018 FY2019
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, § 26, c. 64I, § 27
Estimate:   $126.0
120.3 116.2 118.9 122.2 126.0

Key:

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