February 14, 2012
1:00PM

Your State Sales and Use Tax Questions Answered!

Webinar

Dealers collect approximately one out of every five dollars of sales tax in the state of Ohio.  As you can imagine, with the variety of transactions that occur in a dealership we receive many questions on OADA’s “Legal Hotline” regarding sales tax.  This webinar is designed to address some of the most frequently asked questions as well as those questions you may have never asked but may need to know.  These topics include:

• Can a dealer accept a vehicle owned by someone other than the purchaser of a new vehicle and still receive the trade-in credit?
• Is GAP taxable?  What about credit life and disability?
• If a dealership purchases equipment (battery charger, tools, lifts) does the dealer owe state sales tax?
• Is sales tax owed on a “core charge”?
• If  a repair is performed pursuant to the terms of a service contract is sales tax owed on the value of the repair?  What if there is a deductible?
• Under what circumstances may a customer receive a refund of state sales tax?
• When an out of state resident leases a vehicle and makes a down payment does the dealership collect use tax?
• If the customer ‘trades-in” a vehicle they have leased and purchase or lease a new vehicle does the customer receive a trade-in credit?

Joining OADA Staff Counsel for this presentation will be Keith Wilson, Supervisor, Operations section of the Sales and Use Tax Division, state of Ohio. Registration fee is $30 per connection for OADA member dealers, and $50 per connection for non-member dealers. This is one that you won't want to miss. Register today!