LIFO Tax Relief Bill Resurfaces
Senate measure aims to remedy inventory-shortage effects.
Senate measure aims to remedy inventory-shortage effects.
Rep. Ken Ivory (R-Utah) has introduced legislation that would send the sales-tax revenue from car sales to the hometown of the car buyer, instead of the city where the dealership is located.
The city of Anaheim, Calif., has approved a new program that would give new-car dealers a 40% rebate on the city’s share of sales taxes for 10 years.
The owner of a dealership in New York has been indicted for allegedly stealing more than $50,000 in sales tax on vehicles he sold. He pleaded not guilty to the charges.
An auto dealer in Spokane, Wash., pled guilty to felony theft of sales tax and filing false state tax returns.
A report issued by a Miami-Dade County grand jury says that Florida’s Department of Revenue (DOR) should go after suspected tax cheats, including used-car dealers, in an effort to close a nearly $4 billion budget gap.
Arkansas State Sen. Gilbert Baker (R-Conway) wants to increase the state’s used-car sales tax exemption from $2,500 to $5,000 — at a cost to the state of about $7.8 million.
The owner of a Hartford-area used-car lot has been charged with multiple felony counts after tax enforcement agents say he diverted $129,000 worth of state sales tax revenue and filed false returns to hide the crime.
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