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RI S2231

Bill

Official Source

Status

Introduced

1/23/2026

Primary Sponsor

Hanna Gallo

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Expands the existing sales tax exemption for trade-in allowances on private passenger automobiles to include pickup trucks with a gross vehicle weight of 14,000 lbs. or less
  • Allows buyers trading in a qualifying pickup truck toward the purchase of a new or used automobile to exclude the trade-in value from taxable sales price
  • Also applies to manufacturer repurchase proceeds used toward a new vehicle purchase
  • Amends Section 44-18-30 of Rhode Island General Laws governing sales and use tax exemptions
  • Takes effect immediately upon passage

Legislative Description

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

Taxation

Last Action

Introduced, referred to Senate Finance

1/23/2026

Committee Referrals

Finance1/23/2026

Full Bill Text

No bill text available