32-5B EXCISE TAX ON MOTOR VEHICLES
EXCISE TAX ON MOTOR VEHICLES
Imposition of tax--Rate--Failure to pay as misdemeanor.
Licensing and payment of tax on leased vehicles--Assessment of tax upon purchase
by lessee--Lessor to assign title and certify price, fees and title.
Leasing or rental company separate from dealership--Distinct name--Daily rental
operations--Exemption from excise tax.
Licensing and titling of used vehicle by dealer--Payment of tax by subsequent
Licensing and payment of excise tax on new vehicle by dealer--Subsequent purchaser
Payment of excise tax by dealer required to take title--Subsequent purchaser not
Dealer's inventory exempt--Filing required.
Definition of purchase price.
Insurance check included in trade-in value.
Manufacturers and importers to file price lists--Changes.
Use of dealers' guide for used motor vehicles.
Fixing value, capacity, and weight of rebuilt or foreign vehicle.
Information to be presented by new owner of vehicle--Falsification as felony.
Payment of tax.
Credit for taxes paid to this or another state.
Proration of tax on proportionally registered vehicles--Exemptions to trailers.
Title issuance or transfer prohibited unless tax paid--Exception.
Records required of sellers--Inspection.
Disposition of revenue.
Rental vehicle and leased vehicle defined.
Gross receipts tax on vehicle rental of twenty-eight days or less--Violation as
Applicability of tax on leased vehicles--Leasing information required.
No tax refund for early termination of lease.
Tax on vehicles leased in another state--Credit for tax paid to another state.
Tax credit for total loss of leased vehicle.