Bill > SB0972

This bill amends the Use Tax Act to allow for an offset of the trade-in value of personal electronics when purchasing a new or used portable electronic device, meaning the value of your old device can be deducted from the price of the new one, similar to how trade-ins for vehicles or watercraft are currently handled. The bill defines "portable electronic device" as any electronic device that is portable, including its accessories, and specifies that this trade-in credit must be clearly stated on the sales document. This change is intended to provide consumers with a financial incentive to upgrade their personal electronics by reducing the taxable purchase price.