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
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2016
FY2017
FY2018
FY2019
FY2020
Sales Tax
Miscellaneous Exemptions
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.
M.G.L <a href="http://www.mass.gov/legis/laws/mgl/64h-26.htm" target="_blank">c. 64H, § 26</a>, <a href="http://www.mass.gov/legis/laws/mgl/64i-27.htm" target="_blank">c. 64I, § 27</a>
115.8
107.3
110.5
113.7
116.5
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