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The Water Cooler
General Discussion
Nov 1, 2023, new laws introduced by the state legislature are now codified law.
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<blockquote data-quote="mgssamn" data-source="post: 4152079" data-attributes="member: 46421"><p>when I moved here 22 years ago- the fact i had to pay tax on entire new car price when trading one in just ticked me off.... this one is good if you are trading a car in when buying... might hinder some individual sales and push more to trade vehicles in versus sell out right. but at the end of the day- save tax dollars on purchase if you trade in. </p><p> pay tax on the actual amount net. bill 984</p><p><strong>sales tax on vehicle purchases:</strong> If you are trading in a vehicle when purchasing a new car, sales tax will now be calculated based only on the difference between the value of the trade-in and the actual purchase price of the new vehicle.</p></blockquote><p></p>
[QUOTE="mgssamn, post: 4152079, member: 46421"] when I moved here 22 years ago- the fact i had to pay tax on entire new car price when trading one in just ticked me off.... this one is good if you are trading a car in when buying... might hinder some individual sales and push more to trade vehicles in versus sell out right. but at the end of the day- save tax dollars on purchase if you trade in. pay tax on the actual amount net. bill 984 [B]sales tax on vehicle purchases:[/B] If you are trading in a vehicle when purchasing a new car, sales tax will now be calculated based only on the difference between the value of the trade-in and the actual purchase price of the new vehicle. [/QUOTE]
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The Water Cooler
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Nov 1, 2023, new laws introduced by the state legislature are now codified law.
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