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The Water Cooler
General Discussion
100% DAV sales/excise tax exemptions
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<blockquote data-quote="hammerdown51" data-source="post: 4033353" data-attributes="member: 10734"><p>Well this is not what I thought. I got a new car and went to the old tag office to get it registered and a new title. I had my exemption letter for the every 3 year excise tax exemption so no problem there. </p><p></p><p>The problem came in when I needed to do the sales tax exemption. A lot of folks think that you get to exempt $25k of sales tax. According to the tag off that isn’t exactly correct. They said you don’t pay any taxes on up to $25k of purchases. The new car was $36k so I had to tell them how much of the $25k to allocate to the new car. That of course lessens what you can buy if you allocate too much to that purchase and also how much tax you’ll pay to them on the car.</p><p></p><p>If you are a 100% DAV keep that in mind. They’ll get their money one way or another.</p></blockquote><p></p>
[QUOTE="hammerdown51, post: 4033353, member: 10734"] Well this is not what I thought. I got a new car and went to the old tag office to get it registered and a new title. I had my exemption letter for the every 3 year excise tax exemption so no problem there. The problem came in when I needed to do the sales tax exemption. A lot of folks think that you get to exempt $25k of sales tax. According to the tag off that isn’t exactly correct. They said you don’t pay any taxes on up to $25k of purchases. The new car was $36k so I had to tell them how much of the $25k to allocate to the new car. That of course lessens what you can buy if you allocate too much to that purchase and also how much tax you’ll pay to them on the car. If you are a 100% DAV keep that in mind. They’ll get their money one way or another. [/QUOTE]
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100% DAV sales/excise tax exemptions
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