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Bill > S2231


RI S2231

RI S2231
Exempts the trade-in value of pickup trucks weighing fourteen thousand pounds (14,000 lbs.) or less from sales and use tax.


summary

Introduced
01/23/2026
In Committee
01/23/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

This act would exempt the trade-in value of pickup trucks weighing fourteen thousand pounds (14,000 lbs.) or less from sales and use tax. This act would take effect upon passage.

AI Summary

This bill amends existing law to exempt the trade-in value of pickup trucks weighing 14,000 pounds or less from sales and use tax, meaning that when you trade in such a truck, the value you receive for it will not be subject to sales tax. This change is being made to Section 44-18-30 of the General Laws, which lists various items and transactions that are exempt from sales and use taxes, and it will become effective immediately upon its passage.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

Introduced, referred to Senate Finance (on 01/23/2026)

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