Excise Tax Enquirer

Can the value of a trade-in be excluded from FET?

February 13, 2013
Rose-Michele Nardi 
Transport Counsel PC
A customer would like to purchase one of our new, taxable truck bodies, but wants to pay a portion of the purchase price with a used truck body as a trade-in. Do I need to include the value of the trade-in when determining the FET owed on the sale?
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