Rhode Island Motorcycle "Trade-In" Tax

We, the undersigned residents and taxpayers of the State of Rhode Island, strongly support legislative efforts to remedy the current unfair taxation of motorcycles when they are "traded in" as part of a purchase of another motorcycle.

Background info: As taxation law stands in R.I. today, anyone "trading in" a motorcycle does NOT receive credit for the value of their "trade in" in terms of taxation. Unfairly, you are taxed on the full value of your purchase, new or used.