chance23
New member
- Joined
- Jan 14, 2024
- Messages
- 1
- Tractor
- Kubota
How will I pay sales tax on my tractor.
A lot of out of state dealers dont charge sales tax, but your home state probably wants use tax, its what they call sales tax thats not collected from out of state sales. Like our dumb state wants its 6%…unless your paid at least 6% sales tax elsewhere. For example, if i buy a tractor and the state i buy in charges 4% sales tax, ky wants the remaining 2%.If you don’t live in Colorado, buy your tractor there. They don’t charge sales tax on agricultural equipment to out of state residents.
There is no mechanism that I’m aware of for collecting any such use tax by my state. I bought in Colorado tax free in 2021, and that was that. When you buy a vehicle out of state, the taxes are collected when you register the vehicle, but tractors aren’t registered.A lot of out of state dealers dont charge sales tax, but your home state probably wants use tax, its what they call sales tax thats not collected from out of state sales. Like our dumb state wants its 6%…unless your paid at least 6% sales tax elsewhere. For example, if i buy a tractor and the state i buy in charges 4% sales tax, ky wants the remaining 2%.
me, I’m perfectly fine when someone refuses the legal robbery and keeps it on the downlo. Citizens are taxed outrageously for waste.
Yea, i just looked and NM is one that has a wierd tax setup. Gross receip tax…There is no mechanism that I’m aware of for collecting any such use tax by my state. I bought in Colorado tax free in 2021, and that was that. When you buy a vehicle out of state, the taxes are collected when you register the vehicle, but tractors aren’t registered.