Do you have to pay sales tax when purchasing a used car from a private party seller in NEW YORK?
Yes. When buying a car from a private seller, the purchaser should get a signed bill of sale from the seller, which includes the sale price and identifying information about the vehicle, including the Vehicle Information Number. The purchaser then reports the sale price when registering and titling the car, using the Department of Motor Vehicle's Form DTF-802. Sales tax is paid at that time.
In Illinois do you have to pay sales tax when purchasing a used car from a private seller?
Yes. You must pay sales tax whenever you purchase a vehicle, no matter who you bought it from. If you buy from a dealer, the dealer will collect the sales tax then. If you get the car from a private individual, though, you'll need to pay sales tax when you first register the vehicle. Even if the car was a gift. You will need to file an RUT-50 form. This free form is not available online, but you can pick one up at any Secretary of State office. You may also order it by mail from the Winchester Warehouse, a clearinghouse for the state's forms, free of charge. Send your request, including the form number and your full mailing address, to: * Winchester Warehouse * Attention: Forms Distribution * 3701 Winchester Road * Springfield, IL 62707 Or you can simply call (217) 782-7132 and and ask to have the form sent to you. Have the form number and name handy when you call. Once you have the form, you can call the Illinois Department of Revenue at (800) 732-8866 to find out how much sales tax is due. Source: http://www.dmv.org/il-illinois/registration-faqs.php
What is new car sales tax rate in MD?
The state sales tax rate in Maryland is 6%. There are no local taxes beyond the state rate.
When buying a used car from a private party who collects the Use Tax required in California?
You will pay the tax when you register the vehicle in your name.
What is the sales tax of a car in Missouri?
As of January 2008, the state sales tax rate in Missouri is 4.255%. Multiply the vehicle price by the tax rate to obtain the total being charged. If the sale is from a private party that is not a business, the seller will not collect sales tax, but the buyer will pay the tax when the car is licensed.
What is sales tax on used car bought in Paterson NJ?
I was always under the impression that the sales tax in Paterson, NJ was 3%. When I went to buy a used car they wanted to charge 7%. Is that correct? Thanks!
Do you pay sale tax on a used car from a private owner in the state of Ohio?
You do if you want to register it.
Do you pay sales tax in MN if car is bought from private party?
Definitely not. If you buy your dad's care you just give him the money, he puts the registration & insurance and you're done. I am pretty sure you have to pay a fee to the Dept. of Motor Vehicles when you put the license & registration to your name, but not sales tax.
In most all states the sales tax is collected by the MVD at the time of registration/titleling. (If through a dealer, the dealer collects it). It will be based on the sales price, or if they 5hink something is untrue about that, on a book value they use.
Most states have an exemption available, especially if there is some gifting involved, that would avoid it. Check...it will certainly require a few forms.
Is there a Cook County IL sales tax on used car purchase?
That depends on whether the used car was purchased from a dealership or a private party.
If it was purchased from a dealership, there is a vehicle use tax of .75%, which may be collected by the dealer at the time of purchase if the dealer is located in Cook County. If the tax is not collected at the time of purchase, you will receive a letter in the mail with instructions on how to pay the tax.
If you purchase the vehicle from a private party, you may still receive a letter in the mail, but it also contains instructions on what documentation to send in to show that you do not need to pay the tax.
Don't see why you should. Until you get the title, it's not your car. How would the state even know that you owe taxes if you haven't taken the title to the courthouse to register the car?
When you buy a used car in Illinois does the seller pay any taxes?
He pays income taxes. You pay sales taxes.
Does the car dealer have to collect state sales tax when selling a car in the state of Arkansas?
yes.
In Georgia does a corporation have to pay sales tax on a car purchased from another corporation?
Yes...you will or you have gotten a 1 page piece of paper from the GA Dept of Revenue which you fill out and send back with a copy of a bill of sale showing the purchase price. Just FYI as of 1/1/2010 every car bought in GA will have to have sales tax paid even if bought from a private seller by a private buyer.
Is there tax to pay whe selling a unregistered car?
YES. There should be some income taxes paid for the sale of a capital asset by the seller on the 1040 federal income tax return.
And by the buyer some taxes to the DMV when they try to register the unregistered vehicle that they are supposed to have purchased from the seller of the unregistered vehicle.
Do you pay a use tax if you buy a car in Oregon from a private party?
Oregon has no sales tax and no use tax, so the answer is no, you would not owe any use tax whether on a used car from a private party or a new car from a dealership.
You will pay sales tax when you buy-out the lease. The seller doesn't pay sales tax and a private party cannot collect it, but the buyer probably will have to pay his state sales tax before he can register the car.
In fact, if the buyer is obligated to pay the sales tax in the state within a certain time where he purchased the car and fails to do so, there can be interest and penalties added to the tax obligation. For instance, in MA you must pay within 20 days of purchase if you're registering in any other state, but you might not register within 20 days, meaning you would have penalties and interest added to your MA tax bill until you paid the 6.25 percent sales tax.
If someone gives you a car as a gift how much sales tax would you pay to register it in Illinois?
If the car is worth less than $15,000, there is a Private Vehicle Use Tax that is needed to be paid. It is only $15, and should be paid to the Illinois Department of Revenue with filling out form RUT-50 sales tax form. Hope that helps!
Are shoes taxed sales tax when purchased in Massachusetts?
There is no sales tax on shoes in MA. There is however a luxury tax for items over $175. You pay tax only on the amount over $175.
Do you have to pay tn sales tax on a auto purchased in GA if you didn't pay GA sales tax?
Yes if you are registering the car in TN
What was the price of gasoline in 2000?
The US national average retail gasoline price that year was $1.51 per gallon. This equates to about $2.09 per gallon in 2015 dollars.