Section 32-5B-1.1 – 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.
32-5B-1.1. 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. For motor vehicles leased for more than twenty-eight days, the lessor shall title and license the motor vehicle and denote the lessee on the application for title. The lessor or the […]
Section 32-5B-1.2 – Leasing or rental company separate from dealership–Distinct name–Daily rental operations–Exemption from excise tax.
32-5B-1.2. Leasing or rental company separate from dealership–Distinct name–Daily rental operations–Exemption from excise tax. Any leasing or rental company which operates within the principal place of business of a dealer, licensed pursuant to chapter 32-6B, is a business separate from the dealership for the purposes of this chapter. A leasing company shall title, license, and […]
Section 32-5B-1.3 – Licensing and titling of used vehicle by dealer–Payment of tax by subsequent purchaser.
32-5B-1.3. Licensing and titling of used vehicle by dealer–Payment of tax by subsequent purchaser. A licensed motor vehicle dealer may license a used motor vehicle which is part of his inventory. If the dealer licenses the motor vehicle, he shall title the motor vehicle, but is exempt from the motor vehicle excise tax. A licensed […]
Section 32-5B-1.4 – Licensing and payment of excise tax on new vehicle by dealer.
32-5B-1.4. Licensing and payment of excise tax on new vehicle by dealer. A licensed motor vehicle dealer who sells new motor vehicles and has a franchise for that particular motor vehicle may license a new motor vehicle which is part of the dealer’s inventory. If the dealer licenses the motor vehicle, the dealer shall title […]
Section 32-5B-1.5 – Payment of excise tax by dealer required to take title–Subsequent purchaser not exempt.
32-5B-1.5. Payment of excise tax by dealer required to take title–Subsequent purchaser not exempt. Except as provided in §32-5-27, any dealer who is required by law to take title to a motor vehicle, or required to take title to a motor vehicle for the purpose of resale because of the requirements of his dealer license, […]
Section 32-5B-2 – Exempt vehicles.
32-5B-2. Exempt vehicles. Motor vehicles exempted from the provisions of this chapter are as follows: (1)Any motor vehicle exempted in §32-5-1.3, 32-5-42, 32-5-42.1, or 32-5-42.2; (2)Any motor vehicle acquired by inheritance from or bequest of a decedent; (3)Any motor vehicle previously titled or licensed jointly in the names of two or more persons and subsequently […]
Section 32-5B-2.2 – Exemption for self-propelled agricultural application unit.
32-5B-2.2. Exemption for self-propelled agricultural application unit. Any self-propelled agricultural application unit that is purchased for use in this state is exempt from the provisions of this chapter and chapters 32-3 and 32-5. For purposes of this section, the term, self-propelled agricultural application unit, is defined as equipment designed and used exclusively to carry and […]
Section 32-5B-3 – Dealer’s inventory exempt–Filing required.
32-5B-3. Dealer’s inventory exempt–Filing required. Any used, licensed motor vehicle which is in the inventory of a motor vehicle dealer on May 31, 1985, is exempt from the provisions of §32-5B-1. However, to qualify for this exemption, each motor vehicle dealer shall file on or before June 3, 1985, with the Department of Revenue and […]
Section 32-5B-1 – Imposition of tax–Rate–Failure to pay as misdemeanor.
32-5B-1. Imposition of tax–Rate–Failure to pay as misdemeanor. In addition to all other license and registration fees for the use of the highways, a person shall pay an excise tax at the rate of four percent on the purchase price of any motor vehicle, as defined by §32-3-1 or 32-5B-21, purchased or acquired for use […]