Quote:
Originally Posted by Koa
What tax does the dealer pay? If we go by general U.S. taxation guidelines, the dealer actually incurs taxes when they make a sale. Inventory on hand does not continually get taxed unless there's an automotive specific provision or IRC law I'm overlooking?
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This one is just based on Texas, so I'm not sure if this carries over to other states or not. This is why they try extremely hard to get rid of cars in December, especially 2014 models, but even 2015's as well. I've had a few people tell me this, but I've just never really researched it.
http://txdmv.gov/publications/doc_do...nventory-taxes