Welcome to Tax Law Guide
North Carolina Tax Law Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Buying a Car –California Auto Sales Tax Law and Other Items You Need to Know
from:If you’re new to California and you need to buy a car, there are a few things you need to know about California auto sales tax law as well as other items. Here are some things to think about before you buy a car in California.
There is no “cooling off” period in California on vehicles purchased from a dealer unless you get a contract cancellation option. These options are available on some used cars from dealers. Otherwise, you don’t have the 48 hour cancellation period that is available in many other states.
According to California auto sales tax law, the sales and use tax on a vehicle can vary by the city and county.
Vehicle purchases are taxed based on the city and county in which the purchaser registers the vehicle, and not on the county in which the vehicle is purchased. This negates the (perceived) advantage of purchasing a car in a "cheaper" county in order to save on sales tax. Many car buyers even consider going out of state to buy a car to save on sales tax. (For example, Oregon charges no sales tax on automobiles.) But, this won’t help you, because when you register the car, California auto sales law says you’ll be charged the tax then.
According to California auto sales tax law, the general sales tax on an automobile is 7.25% - the most recent rate hike happened in 2007. However, in some cities, the rate may be higher. In some cities, you’ll pay as much as two full percentage points over this amount, or 9.25%.
Any time a vehicle is bought, sold, gifted, inherited, or otherwise changes hands, the title will need to be transferred to the new owner.
When you buy a car in California from a private party, you have just ten days to apply for a title. You’ll do this at the DMV office. It’s wise to make an appointment, as the office can get very crowded. When you purchase a car from a dealer, the dealership will take care of all the titling paperwork for you. The title transfer fee is $15 and the title certificate is $16. If your title is lost or destroyed, you can get a replacement title for $16 as well.
Any time you move to a new state, you can expect there to be some differences in the laws and tax rates. Understanding California auto sales tax law and other California laws will help you make an informed decision when you purchase that new car.
North Carolina Tax Law Specific Links
Connect at Current.com
- Stay current! All the Latest News and Videos: Entertainment, Politics, Sex, Tech, and Music. See whats new at Current.com.
-- http://www.current.com/
Get Hired
- Earn more money with a better job now
-- http://www.hotjobs.com/
Write your own Self Improvement Review!
- Write and win! Help others while you help yourself.
-- http://www.peoplejam.com/
Luxury Travel Reviews and Trends
- Discover incredible luxury travel, shopping, articles, videos and more...
-- http://www.justluxe.com/
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
North Carolina Tax Law News
Why Gannett's Tax Appeal Was Shot Down - CFO.com
In a tax case appeal settled on Tuesday, Maine's highest court unanimously ruled against Gannett Co. — and in favor of the pine tree state — regarding how much the media giant should pay in income taxes with respect to a gain it reaped from ...
Read more...Neil Bagchi to Head Nair & Co.’s North Carolina Operations - Carolina Newswire
CHAPEL HILL, N.C. -- Nair & Co., a leading global integrated solution provider helping companies expand overseas, announces the appointment of Neil Bagchi as the Director of Business Development for the southeast United States. Named among North ...
Read more...Fred F. Holt, M.D., J.D., AHFI of BlueCross BlueShield of North ... - PR Newswire
Serves as Medical Director and Investigative Consultant to the BCBSNC Special Investigations Unit, Acting Chairman of the NHCAA Medical Directors Advisory Group First M.D. to Receive Accredited Health Care Fraud Investigator (AHFI) Designation ...
Read more...Laura J. Van Schooneveld of North Carolina - Daily Local News
No comments posted. Born July 19, 1977, in Ocean County, N.J., Laura was the proud daughter of Nancy and Jack Barro. Visitation for Mrs. Van Schooneveld was held on Thursday, Nov. 13, at Heritage Funeral Home, 3700 Forest Lawn Drive, Matthews, N.C ...
Read more...Realtors plead with to lawmakers to revoke point of sale property tax ... - Beaufort Gazette
A property tax system that Realtors say desperately needs to be reformed was the focus of a meeting Friday among local officials, state legislators and area Realtors. Realtors want legislators to push for reform when the General Assembly begins its ...
Read more...