By: Diane Benjamin
If you plan to buy a vehicle and trade-in one worth more than $10,000, you have just days left to avoid the new tax.
January 1st, thanks to democrats, only $10,000 per trade can be used to reduce Sales Tax. They don’t care you already paid Sales Tax when you bought it,
This tax only applies to buying passenger cars and SUVs, it does not apply to pick-up trucks.
During the spring session a couple of things could happen:
- this ridiculous tax (thrown into another bill at the last minute) could be repealed
- pickup trucks could be added, the bill should have been based on the weight of vehicles. Pickups were left off because of the rush to get it in a bill
Waiting until next year could easily cost you hundreds of dollars.