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
FY2017
FY2018
FY2019
FY2020
FY2021
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="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter64h/Section26" target="_blank">c. 64H, § 26</a>, <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter64i/Section27" target="_blank">c. 64I, § 27</a>
108.1
116.3
118.7
121.3
124.9
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