AB403Introduced in the Assembly
Proposes to exempt from sales and use taxes the amount of any allowance against the selling price given by a retailer for the value of a used portable electronic taken in trade on the purchase of another portable electronic. (BDR 32-565)
Introduced by Selena Torres-Fossett, District 3
What does this bill do?
Plain-English breakdown
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Official description
AN ACT relating to taxes on retail sales; providing for the submission to the voters of the question of whether the Sales and Use Tax Act of 1955 should be amended to exempt from the taxes the amount of any allowance against the selling price given by a retailer for the value of a used portable electronic taken in trade on the purchase of another portable electronic under certain circumstances; providing for the same exemption from certain analogous taxes if the voters approve this amendment to the Sales and Use Tax Act of 1955; and providing other matters properly relating thereto.
Where it stands
(No further action taken.)
June 3, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Read first time. Referred to Committee on Revenue. To printer.
From printer. To committee.
Notice of eligibility for exemption.
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 368.)
Taken from General File.
Rereferred to Committee on Ways and Means. Exemption effective.
To printer.
From printer. To engrossment. Engrossed. First reprint.
To committee.
(No further action taken.)
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