summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S1649 |
| Bill | https://malegislature.gov/Bills/190/S1649.pdf |
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