Bill > S10491

This bill amends tax law to change how sales and compensating use taxes are calculated on new mobile homes purchased as a primary residence. Currently, these taxes are computed on seventy percent of the purchase price, but this bill proposes to reduce that to thirty-five percent if the mobile home is bought to be lived in as a main home. Sales tax is a tax on the sale of goods and services, while compensating use tax is a tax on items purchased outside of a state and brought into it for use, to ensure fair taxation.