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RI S2230
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Hanna Gallo
Click for details
AI Summary
- Exempts from Rhode Island sales tax the trade-in value applied to the purchase of a new or used motorcycle when trading in an existing motorcycle
- Exempts from sales tax insurance proceeds received for an unrecovered stolen motorcycle when applied toward purchasing a replacement motorcycle
- Exempts from sales tax insurance proceeds received for a total loss of a motorcycle when applied toward purchasing a replacement motorcycle
- Exempts from sales tax manufacturer repurchase proceeds (whether voluntary or not) when applied toward purchasing a new or used motorcycle
- Applies only to motorcycles not used for hire and takes effect upon passage
Legislative Description
Exempts from sales tax the trade-in values of motorcycles as well the proceeds received as a result of an unrecovered stolen or total loss of a motorcycle.
Taxation
Last Action
Introduced, referred to Senate Finance
1/23/2026
Committee Referrals
Finance1/23/2026
Full Bill Text
No bill text available