Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-6-2 - TAXES LEVIED ON GROSS SALES AND GROSS RECEIPTS; APPLICABLE TAX RATES
Section 810-6-2-.79.03 - Repossessed Used Vehicles, Sales Of
Universal Citation: AL Admin Code R 810-6-2-.79.03
Current through Register Vol. 42, No. 11, August 30, 2024
Resales of automotive vehicles repossessed by the seller or for him by a finance company are taxable measured by the gross proceeds of the resales thereof less credit for any automotive vehicle accepted as part-payment of the sales price of the vehicle so resold.
Author:
Statutory Authority: Code of Ala. 1975, § 40-23-31.
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