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, "From the sale and from the storage, use or other consumption of new or used bicycles." This act would exempt these transactions from sales and use tax. The bill is designed to take effect immediately upon passage.

Statutes affected:
5475: 44-18-30