What is included in the “price” of a motor vehicle when calculating the sales and use tax?
“Consideration” or “price” means the aggregate value in money of anything paid or promised to be paid or delivered in exchange for the transfer of either title to or possession of a motor vehicle, all-purpose vehicle, off-highway motorcycle, watercraft, outboard motor or personal watercraft. No deduction may be made from the “consideration” or “price” upon which the tax is based by reason of any trade-in allowance (except for the sale of a new motor vehicle, all-purpose vehicle or off-highway motorcycle by a new motor vehicle dealer upon which a motor vehicle, all-purpose vehicle or off-highway motorcycle is given in trade; OR the sale of a new or used watercraft, outboard motor or personal watercraft by a licensed watercraft dealer upon which a watercraft, outboard motor or personal watercraft is given in trade) or a manufacturer’s rebate. The sales or use tax is computed upon the total amount of consideration, whether in cash, by exchange (trade) or by any means whatsoever. The tax b
“Consideration” or “price” means the aggregate value in money of anything paid or promised to be paid or delivered in exchange for the transfer of either title to or possession of a motor vehicle, all-purpose vehicle, off-highway motorcycle, watercraft, outboard motor or personal watercraft. No deduction may be made from the “consideration” or “price” upon which the tax is based by reason of any trade-in allowance (except for the sale of a new motor vehicle, all-purpose vehicle or off-highway motorcycle by a new motor vehicle dealer upon which a motor vehicle, all-purpose vehicle or off-highway motorcycle is given in trade; OR the sale of a new or used watercraft, outboard motor or personal watercraft by a licensed watercraft dealer upon which a watercraft, outboard motor or personal watercraft is given in trade) or a manufacturer’s rebate. The sales or use tax is computed upon the total amount of consideration, whether in cash, by exchange (trade) or by any means whatsoever. The tax b
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