<VV> Re: Sales Tax

[Harry Yarnell]

In Maryland, we don't have 'personal property tax' (thank God), but ANY time 
a vehicle is re-titled, the state taxes it at it's current value, NOT 
necessarily the selling price. If you tell them your '05 corvette cost you 
$500, you better have a notorized bill of sale, otherwise it's book value 
that they'll  tax you on.
Now, if the car is over 10 years old, there's no book value, but a minimum 
value is assigned (I think it's $600), so you pay $30 tax (5% sales tax).

Harry Yarnell
Perryman Garage and Orphanage
hyarnell1 at earthlink.net
----- Original Message ----- 
From: <LonzoVair at aol.com>
To: <kaczmarek at charter.net>; <hmlinc at sbcglobal.net>
Cc: <virtualvairs at corvair.org>
Sent: Wednesday, June 07, 2006 9:22 PM
Subject: Re: <VV> Re: Sales Tax


> In a message dated 6/7/2006 6:38:09 P.M. Eastern Standard  Time, 
> Hankie-poo
> writes:
>
> <<Hey JR
> Just one question
> DO YOU PAY SALES TAX ON A USED  CAR?
>
> You Betcha you do.>>snip
>
> Lonzo answers:
> Not when buying it from a private individual... I'll pay a "property tax"
> when I transfer it, but no sales tax.
>
>
> snip
> <<So used parts should be tax  free?>>snip
>
> and Lonzo answers again:
> If bought from a private individual, not a business.... I expect 
> businesses
> to charge a sales tax.
>
>
>
> snip<<If you go to the wrecking yard, do you pay sales  tax on a used 
> part?
>
> In most states, you betcha you  do.>>snip
>
> and Lonzo replies:
> That totally depends on whether the wrecking yard was  "OPEN for BUSINESS"
> while I was in there getting the part.
> ;-)
> I'm not as fast as I used to be, though.... but I'm getting better!
>
>
>
> snip<<Don't follow that  reasoning.
>
> Hank>>
>
> Hankie-baby, it all depends on if it is a "real business" or not... if 
> it's
> a real business, yes, there should be a sales tax... if it's Joe Q. 
> Robbiniski
> from Bohunk, IL, I don't expect to pay a sales tax...
> Welcome back little buddy!
> Lonzo
>
>
>
>
> Lon Anderson  in White Mills, KY
> CORSA, Corvanatics, Derby City Corvair, Central Ky  Corvair
> Quart Low Quarterly Editor
> 1961 Greenbrier 110/pg
> 1963  Greenbrier 110/4spd
> 1964 700 sedan 95/pg
> 1969 Monza  110/pg
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