Section 32-5B-16 – Records required of sellers–Inspection.
32-5B-16. Records required of sellers–Inspection. Any seller of a motor vehicle or snowmobile shall, on demand by the secretary of revenue, make available all books, records, and memoranda which relate to the sale of a motor vehicle or snowmobile. The secretary, in the event of any failure or refusal to produce the records, may conduct […]
Section 32-5B-17 – Disposition of revenue.
32-5B-17. Disposition of revenue. All revenues received pursuant to §§32-5B-1 and 32-5B-20 shall be credited to the state highway fund. Source: SL 1985, ch 241, §9; SL 1994, ch 245, §6.
Section 32-5B-18 – “Siblings” defined.
32-5B-18.”Siblings” defined. For the purposes of this chapter, “siblings” include any individuals who are brother and sister by blood, marriage, or adoption. Source: SL 1986, ch 242, §22.
Section 32-5B-19 – Rental vehicle and leased vehicle defined.
32-5B-19. Rental vehicle and leased vehicle defined. Terms used in this chapter mean: (1)”Leased vehicle,” a motor vehicle which is titled in the name of a leasing company or the individual who is leasing the motor vehicle which is leased for a period of more than twenty-eight days; (2)”Rental vehicle,” a motor vehicle which is […]
Section 32-5B-20 – Gross receipts tax on vehicle rental–Violation as misdemeanor.
32-5B-20. Gross receipts tax on vehicle rental–Violation as misdemeanor. There is hereby imposed a tax of four and one-half percent upon the gross receipts of any person renting a rental vehicle as defined in §32-5B-19. This tax applies to all vehicles registered in accordance with §32-5-6, 32-5-8.1, or 32-5-9. Any rental vehicle not licensed in […]
Section 32-5B-21 – Applicability of tax on leased vehicles–Leasing information required.
32-5B-21. Applicability of tax on leased vehicles–Leasing information required. The tax imposed by §§32-5B-1, 32-5B-1.1, 32-5B-4(7), and 32-5B-21 to 32-5B-24, inclusive, and calculated in the manner set out in § 32-5B-4 on the sale or use of leased vehicles subject to titling and registration applies to vehicles with a gross vehicle weight ratings of less […]
Section 32-5B-22 – No tax refund for early termination of lease.
32-5B-22. No tax refund for early termination of lease. If the lease is terminated prior to the termination date contained in the lease agreement, no refund may be allowed for tax previously paid under §§32-5B-1, 32-5B-1.1, 32-5B-4(7), and 32-5B-21 to 32-5B-24, inclusive. Source: SL 2000, ch 145, §5.
Section 32-5B-23 – Tax on vehicles leased in another state–Credit for tax paid to another state.
32-5B-23. Tax on vehicles leased in another state–Credit for tax paid to another state. Vehicles entering this state under a lease are subject to tax on the date the vehicle enters this state for the remaining lease period. A credit for tax paid on the lease for the lease period at issue where the incidence […]
Section 32-5B-24 – Tax credit for total loss of leased vehicle.
32-5B-24. Tax credit for total loss of leased vehicle. If the motor vehicle lease tax has been paid on a qualifying lease under §§32-5B-1, 32-5B-1.1, 32-5B-4(7), and 32-5B-21 to 32-5B-24, inclusive, and prior to the expiration of the lease, the vehicle subject to the lease is destroyed by means such as fire, accident, or vandalism, […]
Section 32-5B-25 – Excise taxes on off-road vehicles deposited in general fund.
32-5B-25. Excise taxes on off-road vehicles deposited in general fund. All excise taxes collected on the purchase of an off-road vehicle as provided by §32-5B-1 shall be deposited in the state general fund. Source: SL 2016, ch 159, §7.