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In response to
"So you pay zero sales tax at time of purchase? -- nm"
by
Dr.Vermin
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No, now you pay all the taxes (sales and use) at the time of purchase.
Posted by
Qale (aka Qale)
Sep 9 '13, 12:47
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"Motor vehicles purchased on or after March 1, 2013 and titled in this state are exempt from sales and use tax and annual ad valorem tax, also known as the "birthday tax". These taxes are replaced by a one-time tax that is imposed on the fair market value of the vehicle called the title ad valorem tax fee ("TAVT"). The fair market value is the taxable base of the motor vehicle. The manner in which fair market value is determined depends on whether the motor vehicle is new or used."
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Responses:
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