Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a rebate, offered for the purchase of a vehicle, included in the price paid for the vehicle for purposes of calculating the motor vehicle excise tax on the sales price?

April 26, 2017calculating included motor offered paid price purchase purposes rebate vehicle

0

Posted

Is a rebate, offered for the purchase of a vehicle, included in the price paid for the vehicle for purposes of calculating the motor vehicle excise tax on the sales price?

1 Answer

0

Posted

Yes. Though a rebate reduces the actual amount paid by the buyer, it does not reduce the total price paid for a vehicle. By law, motor vehicle excise tax is derived from the price paid for the vehicle regardless of any rebates that subsequently reduce the amount the buyer paid.