Trade-in Deduction
280-406 INACTIVE RULE
Title | 280 | Department of Revenue |
Chapter | XXX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Subchapter | XX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Part | 406 | Trade-in Deduction |
Type of Filing | Amendment |
Regulation Status | Inactive |
Effective | 10/01/2011 to 12/21/2017 |
Regulation Authority:
44-1-1 et seq. and 44-19-33
Purpose and Reason:
The purpose of this rule making process is to implement Chapters 44-18 and 44-19 of the Rhode Island General Laws. Specifically, RIGL §44-18-30(23) exempts from sales and use taxes the gross receipts from trade-in value of motor vehicles. Effective October 1, 2011 the exemption for insurance proceeds has been repealed and the credit will no longer be allowed. This regulation shall take effect October 1, 2011 and shall amend and supersede regulation SU 94-109 promulgated January 1, 1994.
![](/Content/Images/uparrow.png)
![](/Content/Images/uparrow.png)