How can I receive a sales tax allowance when I sell one vehicle and buy a different vehicle to replace the one I sold?
When you apply for a title, you must submit a bill of sale or Notice of Sale (DOR-5049) for the vehicle that you sold and the purchase (or contract to purchase) and sale dates must be within 180 days of one another. You do not have to purchase a “like” vehicle to qualify for a sales tax allowance. Example: You can buy a car and sell a boat and receive a sales tax allowance for the car, but the two events must occur within 180 days of one another.
