SB 887 - This act modifies the current limitation to the reduction in the taxable purchase price of an article by trading-in another item. The act specifies that a purchaser of a motor vehicle, trailer, boat or outboard motor is only allowed a credit for the trade-in of a similar item. Current law also allows a purchaser of a vehicle for agricultural purposes to offset the taxable purchase price with grain or livestock produced by the purchaser. The act removes this exception to the trade-in restriction. This act is similar to SB 750 (2002) and SB 124 (2003). JEFF CRAVER