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§44-18-40  Exemption for buses, trucks and trailers in interstate commerce. –


Published: 2015

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TITLE 44

Taxation

CHAPTER 44-18

Sales and Use Taxes – Liability and Computation

SECTION 44-18-40



   § 44-18-40  Exemption for buses, trucks and

trailers in interstate commerce. –

(a) Notwithstanding any provision of the general laws to the contrary, the

purchase, rental or lease of a truck, or trailer by a trucking company is not

subject to the provisions of the sales and use taxes imposed by this chapter on

the condition that the truck and/or trailer is utilized exclusively in

interstate commerce.



   (b) Notwithstanding any provision of the law or regulation to

the contrary, the operation of a bus by a bus company in interstate commerce

shall not be subject to the provisions of the sales and use tax imposed by this

chapter, on the condition that the bus is used eighty percent (80%) or more of

the time in interstate commerce and provided that the bus company shall provide

a properly executed affidavit attesting to the fact that the bus is used no

less than eighty percent (80%) of the time in interstate commerce.



History of Section.

(P.L. 1992, ch. 133, art. 51, § 2; P.L. 2012, ch. 302, § 1; P.L.

2012, ch. 351, § 1.)