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Subject:
Luxury Tax on New Cars
Category: Business and Money > Finance Asked by: consolidator-ga List Price: $4.00 |
Posted:
09 Jun 2003 19:15 PDT
Expires: 09 Jul 2003 19:15 PDT Question ID: 215344 |
I am purchasing a new Sabb 9-3. What rate of tax should I have to pay. Is there a luxury tax on this car or was the luxury tax abolished at the end of 2000. I reside in Queens New York. thanks |
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Subject:
Re: Luxury Tax on New Cars
Answered By: juggler-ga on 09 Jun 2003 20:02 PDT Rated: ![]() |
Hello. Sales tax in Queens, New York, is 8 5/8 % (i.e., 8.625 % ). source: New York States Sales & Use Tax Rates by Jurisdiction, June 2003 http://www.nystax.com/pdf/publications/Sales/pub718_603.pdf The luxury tax on vehicles was abolished at the end of 2002. From the IRS web site: "Excise Taxes 2003 Changes ... Luxury Tax The luxury tax on passenger vehicles does not apply after 2002." source: The IRS http://www.irs.gov/formspubs/page/0,,id%3D104147,00.html#T153 Your question didn't mention registration fees and use tax, but as a car buyer, you will have to pay those. Registration fees depend on the weight of the vehicle. Use tax in Queens: "All passenger vehicles: $30 for two years ($15 per year)." source: New York State DMV http://www.nysdmv.com/regfee.htm search strategy: "new york", dmv "new york", tax nystax.com, sales tax |
consolidator-ga
rated this answer:![]() Thanks for the info - great answer |
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Subject:
Re: Luxury Tax on New Cars
From: juggler-ga on 10 Jun 2003 10:10 PDT |
Thank you for the tip. -juggler |
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