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"Jonathan" pointed out:
In MA, when you buy a car in a private or casual sale situation, the Registry of Motor Vehicles charges you sales tax based on the bluebook value, not the actual price you paid. Washington State just went to a system very similar to that. Instead taxing a value based on Blue Book, they have their own database (of local inflated "values") that establishes the taxable amount and thus fills the tax coffers at a more desirable rate. (¯`·._.· £ãrrÿ ·._.·´¯) "Jonathan" wrote in message ... It can be worse. In MA, when you buy a car in a private or casual sale situation, the Registry of Motor Vehicles charges you sales tax based on the bluebook value, not the actual price you paid. You have to pay this in order to register the car and get your plates assigned or transferred. If you buy from a dealer, they will accept the invoice as the actual price and basis of payment. Jonathan Glenn Ashmore wrote: Last month I bought one of the company's older fleet cars for #2 daughter. Not exactly a "sweetheart deal" but definitely most favored nation. ;-) Sent the title in for transfer and got a new tag. This week I get a letter from the GA revenuers wanting to know the sales price and asking for their pound of sales tax flesh. Casual sales of cars have never been taxed before so I did some checking. It seems that because the politicians are hungry for money in this budget crunch the D of R has finally linked there computer system to Public Safety and are tracking every title. What has this to do with boatbuilding? DNR will be linked by next year. Most of my material was purchased out of state or on eBay so I am going to get hit bad. I think I will try to register before they get linked. This is just Georgia but most states are hunting for revenue now so check out what your state is doing and plan accordingly if you have a big project and be sure to have your receipts carefully documented before you go to register your boat and get a HIN. |