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.)