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MA H1116

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Rob Consalvo

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Insurance payments for stolen and unrecovered motor vehicles would be treated as trade-in credits for sales tax purposes when purchasing a replacement vehicle
  • Eligibility requires the stolen vehicle to be reported to law enforcement and remain unrecovered at the time of the replacement purchase
  • The insurance payment must be applied toward the replacement vehicle purchase to qualify for the tax benefit
  • Buyers must provide documentation from the insurance company showing the payment amount and confirming it was for a stolen, unrecovered vehicle
  • Sales tax would apply only to the difference between the replacement vehicle price and the insurance payment amount (minimum taxable amount of $0)

Legislative Description

Relative to sales tax reimbursement

Last Action

Accompanied a study order, see H5206

3/12/2026

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available