Bill

Bill > S1649


MA S1649

MA S1649
Relative to sales of motor vehicles


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to sales of motor vehicles. Revenue.

AI Summary

This bill amends Section 4 of Chapter 64I of the General Laws by changing the language used to determine the sales price of a motor vehicle for tax purposes. The key provision is that the sales price will be the actual amount paid by the purchaser to the vendor, as documented by a notarized bill of sale. If a notarized bill of sale is not provided, the sales price will be determined by the clean trade-in value of the motor vehicle. This change aims to provide a more accurate method for calculating the sales tax owed on motor vehicle purchases.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see S2497 (on 04/30/2018)

bill text


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