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Automotive Industry › State Taxes

Pullman & Comley - For What It May Be Worth

Understanding the New Approach to Motor Vehicle Valuations by Connecticut Assessors

Pullman & Comley - For What It May Be Worth on

Motor vehicle assessment in Connecticut is a two-step process. Your municipality’s assessor determines the value of your vehicle, and then multiplies that value by the 70% assessment ratio to arrive at your motor vehicle...more

Blank Rome LLP

Arkansas Supreme Court Finds Auto Dealerships Liable for Sales Tax When They Provide Vehicles for Their Employees’ Use

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A recent decision from Arkansas’ highest court reversed a circuit court decision and found that when auto dealerships allowed employees and their families to use vehicles, it subjected the dealerships to sales tax, despite...more

Mayer Brown

Illinois Enacts Tax Incentives to Attract Electric Vehicle Manufacturing

Mayer Brown on

In November 2021, Illinois Governor JB Pritzker signed the Reimagining Electric Vehicles Act (the “REV Act”), which, together with the recently enacted Climate and Equitable Jobs Act, further incentivizes the production and...more

Polsinelli

Vehicle Rental Laws: Road Blocks To Evolving Mobility Models?

Polsinelli on

The laws and regulations governing mobility are inconsistent and antiquated and should be modernized to encourage innovation as we prepare for an autonomous car future. The National Highway Traffic Safety Administration...more

Burr & Forman

Important South Carolina Decision Finds ATV Sales are Subject to Lower “Maximum Tax”

Burr & Forman on

In South Carolina, a maximum or “capped” sales tax of $500 ($300 for sales on or before June 30, 2017) is imposed on the sale of motor vehicles and certain other vehicles. Under the facts of a recent South Carolina...more

Bradley Arant Boult Cummings LLP

Deadline Extensions Possible for Expanded Retail Accountability Program

Bradley Arant Boult Cummings LLP on

The rollout of the newly expanded Tennessee Retail Accountability Program is meeting with some opposition as the first reporting deadline under the 2015 changes in the program approaches. In response to these concerns, the...more

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