This bill enacts a sales and use tax exemption for sales of motor vehicles in separate transactions.
This bill:
- exempts the purchase price of the lower priced motor vehicle when a person buys and sells two motor vehicles in separate transactions;
- provides the method for claiming the sales and use tax exemption; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 59-12-104
Substitute #1: 59-12-104