Bill > H5475

This bill exempts new and used bicycles from sales and use tax in Rhode Island. Specifically, the legislation amends Section 44-18-30 of the Rhode Island General Laws by adding a new provision (subsection 69) that creates a sales tax exemption for bicycles. The exemption applies to both new and used bicycles, meaning consumers would not have to pay sales tax when purchasing a bicycle. The bill is straightforward and will take effect immediately upon passage. By removing the sales tax on bicycles, the legislation could potentially make bicycles more affordable and encourage their purchase, which may have positive implications for transportation, health, and environmental goals.

Budget and Finance

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