What is the correct tax rate to charge a customer on the sale or lease of motor vehicles, watercraft or outboard motors?
On the sale of a titled motor vehicles, watercraft or outboard motors, the tax rate would be the rate in the county of residence of the purchaser. On the lease of titled motor vehicles, watercraft or outboard motors, whether the lease is paid by one upfront payment, (no monthly payments), or by a stream of payments, the tax rate to apply is the rate in the county that is the primary property location of the vehicle(s) or watercraft. This may be the county of residence of the lessee, or in the case of multiple vehicles leased to one person and the vehicles are used in several counties, the county where the vehicles are garaged overnight would apply. On the sale or lease of a documented watercraft, the tax rate to apply is the rate where the customer takes possession of the watercraft. Any subsequent taxable charges on the lease will be sourced to the primary property location for the period in which the charges are incurred. “Primary property location” means an address for tangible pers
On the sale of a titled motor vehicles, watercraft or outboard motors, the tax rate would be the rate in the county of residence of the purchaser. On the lease of titled motor vehicles, watercraft or outboard motors, whether the lease is paid by one upfront payment, (no monthly payments), or by a stream of payments, the tax rate to apply is the rate in the county that is the primary property location of the vehicle(s) or watercraft. This may be the county of residence of the lessee, or in the case of multiple vehicles leased to one person and the vehicles are used in several counties, the county where the vehicles are garaged overnight would apply. On the sale or lease of a documented watercraft, the tax rate to apply is the rate where the customer takes possession of the watercraft. Any subsequent taxable charges on the lease will be sourced to the primary property location for the period in which the charges are incurred. “Primary property location” means an address for tangible pers
