The bill amends Section 44-18-30 of the General Laws in Chapter 44-18, focusing on sales and use tax exemptions. It introduces a new provision that exempts the trade-in value of pickup trucks with a gross weight of under six thousand pounds (6,000 lbs.) and used exclusively for personal use from sales tax. The bill expands the definition of "automobile" to include these pickup trucks, clarifying that it refers to private passenger automobiles not used for hire and does not include any other type of motor vehicle.

The act is set to take effect upon passage.

Statutes affected:
95: 44-18-30