Proposes to exempt from sales and use taxes the amount of any allowance against the selling price given by a retailer for the value of a used portable electronic taken in trade on the purchase of another portable electronic. (BDR 32-565)

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A.B. 403

ASSEMBLY BILL NO. 403–ASSEMBLYMEMBER TORRES-FOSSETT

MARCH 11, 2025

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Referred to Committee on Revenue

SUMMARY—Proposes to exempt from sales and use taxes the

amount of any allowance against the selling price

given by a retailer for the value of a used portable

electronic taken in trade on the purchase of another

portable electronic. (BDR 32-565)

FISCAL NOTE: Effect on Local Government: May have Fiscal Impact.

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PASSAGE PROBABILITY

46.4% Uncertain

Why this number

Stage base Floor Consideration — base rate 70%, measured from NV's completed sessions
Momentum -2 41/100 from the pace of recorded action
Time since last action -22 494 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.