Kansas restricts trade in deduction on leased vehicles.

In a private letter ruling, Kansas determined that no deduction from the sales tax base is allowed for a trade-in allowance credit that is allowed by a car dealer for the value of the leased car traded in. The deduction was disallowed because the lessee did not have title to the property being traded in. (Private Letter Ruling P-1998-43, May 4, 1998)