Sales Tax on a Vehicle I Already Own?

[John_]

Insurance down here is high because of the uninsured and the rest of the population thinks drunk driving is a ''Sport''

You got that right. There was a statistic I read a few years ago in southern Louisiana, 1 out of every 7 vehicles on the road at any given time does not have current liability insurance.
People continue to drive down here with 2 plus DWIs too. DWI enforcement and prosecution is a joke in southern Louisiana. I don't know how it is in the northern portion of our state, but down here its pretty much a joke.

 

[honestlou]

Donate it to the wife!
Should be no sales tax for new "owner".

It's a use tax based on the value of the vehicle brought into Louisiana, and you will get a credit of 3%, up to $1000, for the sales tax you paid in NC. The use tax you have to pay to register it here is the 4% state tax, not the Parish tax, so it's not the full 9% or 10% depending on where you're living. That 3% credit will cover a value up to $33,333. Link:

http://web01.dps.louisiana.gov/omv1...efca2d66886a0ae6862564bb0069108e?OpenDocument


If the value is over $33,333, then donation will work to avoid the sales/use tax.

 

[RaleighReloader]

It's a use tax based on the value of the vehicle brought into Louisiana, and you will get a credit of 3%, up to $1000, for the sales tax you paid in NC. The use tax you have to pay to register it here is the 4% state tax, not the Parish tax, so it's not the full 9% or 10% depending on where you're living. That 3% credit will cover a value up to $33,333. Link:

http://web01.dps.louisiana.gov/omv1...efca2d66886a0ae6862564bb0069108e?OpenDocument


If the value is over $33,333, then donation will work to avoid the sales/use tax.

Thanks for the info. My pickup truck dates back to 2006 and would be worth over $30,000 only in my resale dreams. I'm waiting at the OMV now to find out what the damage will be ... fingers crossed that it's low.

Mike

 

[Xenon]

honestlou got it right.

You pay a tax to USE property in the state even if it is not purchased here. Anyone that has gone through a Sales tax audit should be familiar with this.

Most states do the exact same thing, with a caveat... LA has a fairly new law (thanks JBE!) that only allows the credit (for what you've already paid) from states with reciprocity on a rate to rate basis (not dollars, due to value changes). i.e. they must allow for the same credit on the other end.

 

[RaleighReloader]

Well, goodbye $1,100.

I guess some state troopers can spend another night in Orlando on me.

Mike

 

[Firearmfanatic]

Well, goodbye $1,100.

I guess some state troopers can spend another night in Orlando on me.

Mike

Ouch! That is crazy if you ask me.

 

[John_]

Well, goodbye $1,100.

I guess some state troopers can spend another night in Orlando on me.

Mike

They prefer the Grand Canyon and Las Vegas

 

[GBob01]

Well, goodbye $1,100.

I guess some state troopers can spend another night in Orlando on me.

Mike

Oh, and "Welcome to Louisiana"!