Exempts the trade-in value of pickup trucks weighing 14,000 lbs. or less from sales and use tax.

Rhode Island S2231 amends the sales and use tax law to exempt the trade-in value of pickup trucks weighing 14,000 pounds or less from sales and use tax. This change applies to the trade-in value of such trucks, excluding any other aspects of the sale. The bill takes effect upon passage.

Exempts the trade-in value of pickup trucks weighing 14,000 lbs. or less from sales and use tax.

Rhode Island S2231 amends the sales and use tax law to exempt the trade-in value of pickup trucks weighing 14,000 pounds or less from sales and use tax. This change applies to the trade-in value of such trucks, excluding any other aspects of the sale. The bill takes effect upon passage.