View Single Post
  #22 (permalink)  
Old 06-22-2011, 12:22 PM
elmariachi elmariachi is offline
CC Member
Visit my Photo Gallery

 
Join Date: Jul 2008
Location: Driftwood, TX
Cobra Make, Engine: Contemporary Cobra, 427 side oiler
Posts: 1,850
Not Ranked     
Default

Quote:
Originally Posted by Stoney FFR View Post
It would be very difficult to say that a Factory Five Racing vehicle is not a KIT, since FFR openly states they sell KITS.. Additionally, FFR issues MSO's, so that clearly is an indication that it's a KIT under their definition and not HOME-MADE or SHOP-MADE
Stoney is 100% spot on. A lot of people have gotten away from not paying sales tax when they should have simply because the local county tax assessor (where auto titling and licensing takes place) is NOT the taxing authority for sales tax on any vehicles EXCEPT normal production cars. Where these assembled and kit cars are concerned, the local tag offices assume because components were involved, the state would have collected its sales tax in the normal course of you acquiring all the parts. That fallacy in thinking bled over to MSO kit cars and some some guys have gotten away with paying no taxes.

Joe originally asked if he would have to pay taxes. Links have been posted that should help explain what SHOULD happen, but as Stoney as pointed out, what actually happens with the lady behind the window is impossible to predict.

Last edited by elmariachi; 06-22-2011 at 12:24 PM..
Reply With Quote