Sales and Use Tax - Taxable Price - Exemption for Trade-in Value of Portable Electronics
Sponsor: Senator KlausmeierCommittee: Budget and TaxationSubject: Taxes - Sales and UseStatus: Hearing 2/21 at 1:00 p.m. (as of Nov 13, 2024)
What this bill does
Official synopsis
Altering, for purposes of provisions of law concerning the sales and use tax, the definition of 'taxable price' to exclude the value of credit provided for a trade-in of certain portable electronics accepted in partial payment, if the value of the credit is separately stated on the invoice, bill of sale, or similar document provided to the purchaser.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (5)
MGA witness listFAV 2FavorableFWA 3Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | locklair, caileylobbyist | Maryland Retailers Association | Oral |
| FAV | Senator Klausmeier, Senator Klausmeierlegislator | Individual | Oral |
| FWA | Mullins, Rebecca | Asurion | Oral + Written (PDF) |
| FWA | Klausmeier, Katherine | Senator Katherine Klausmeier | Written (PDF) |
| FWA | Harting, Martalobbyist | Venable | Oral |
Organizations on record
Registered lobbyists who testified
FAVlocklair, caileyMaryland Retailers AssociationRegistered for: HPSO Investments LLC, T/A Riverboat on the Potomac; Maryland Retailers Alliance; Maryland Retailers Association
FWAHarting, MartaVenableRegistered for: Abbott Laboratories; Annie E. Casey Foundation, Inc., The; Asurion Insurance Services, Inc.; Baltimore Community Foundation; Baltimore Gas and Electric Company; Baltimore Public Markets Corporation…