Usage Tax Exemption Guidelines
Guidelines
A 6% sales tax is collected at the time of transfer based on retail or affidavit of purchase price. When using the affidavit for purchase price the seller is required to sign the affidavit of total consideration and their signature is to be notarized.
If the vehicle purchased out of state the affidavit can be faxed to the seller to sign and have notarized.
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If the purchase price is less than 50% of the trade-in value of the vehicle we would have to charge 6% sales tax on that amount.
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KY Transfers-Usage Tax Exemptions
-Charitable/Education
-Corporations/Subsidiary (LLC)
-Dealer Registration
-Husband/Wife
-Parent/Child
-State Government
-US Corporation/Proprietorship (LLC)
-Court Order/Will
-Grandparent/Grandchild
-Local Government
-Name Change
-Reposession
-Stepparent/Stepchild