SECTION 1. Notwithstanding any general or special law to the contrary, if an individual participates in a buyback of a motor vehicle pursuant to the consent decree entered into In Re: Volkswagen “Clean Diesel” Marketing, Sales Practices, and Products Liability Litigation, MDL No. 2672 CRB (JSC), dated October 25, 2016, and purchases a replacement vehicle, the sale of the replacement vehicle shall be subject to taxation as a trade-in under section 26 of chapter 64H of the General Laws.
SECTION 2. If an individual purchasing a replacement vehicle under this act paid the sales tax under section 2 of said chapter 64H before the effective date of this act, the state treasurer shall repay that individual the amount of the tax that was paid less the amount of the tax the would have been due under said section 26 of said chapter 64H not more than 120 days after the effective date of this act.
SECTION 3. The commissioner of revenue shall promulgate regulations or guidelines necessary to implement this act.
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