The bill amends Section 44-18-30 of the General Laws in Chapter 44-18, which addresses sales and use tax exemptions. It introduces a new exemption specifically for new or used bicycles, stating that gross receipts from the sale and from the storage, use, or other consumption of new or used bicycles are exempt from sales and use taxes. This act would take effect upon passage.

Statutes affected:
5475: 44-18-30