New York
What is the trade-in credit allowed for New York?
For New York, trade-in credit allowed is full credit, recorded from its source on 2026-08-20.
The amount of the credit the dealer gives to the purchaser for any motor vehicle (or other tangible personal property) taken in trade, and accepted as part payment on the purchase of a motor vehicle, may be deducted from the taxable receipt amount, but only if the motor vehicle (or other property) taken in trade is intended to be resold, even if to a scrap yard.
— tax.ny.gov, retrieved 2026-08-20
- State
- New York our reading
- Trade-in credit allowed
- full credit our reading
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
- tax.ny.govhttps://www.tax.ny.gov/pdf/publications/sales/pub838.pdf