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#86rev - Excise Tax – New Definition of “Price Paid”

03/16/2011
10:05 AM

#86rev - Excise Tax – New Definition of “Price Paid” 

 

April 6, 2009
“Price paid” is now defined by rule for the purpose of calculating the Motor Vehicle Excise Tax (MVET). The new definition primarily affects the MVET calculation for new car sales. This revision seeks to clarify what dealer services are or are not included in “price paid” for calculation of the MVET.

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