Maine
What is the trade-in credit allowed for Maine?
For Maine, trade-in credit allowed is full credit; statute or regulation citation is 36 M.R.S. § 1765, recorded from its source on 2026-08-20.
When one or more of the items listed in 36 M.R.S. § 1765 are traded in toward the sale price of another item of the same kind (e.g., motor vehicle traded for a motor vehicle, trailer for a trailer, etc.), the sales or use tax is levied only on the difference between the sale price of the purchased item and the trade-in value allowed for the item or items taken in trade, except for transactions between dealers involving the exchange of property from inventory.
— maine.gov, retrieved 2026-08-20
- State
- Maine our reading
- Trade-in credit allowed
- full credit our reading
- Statute or regulation citation
- 36 M.R.S. § 1765 verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
Source
- maine.govhttps://www.maine.gov/future/sites/maine.gov.revenue/files/inline-files/IB42OriginalRegistrationofVehicles10282019.pdf