Quote:
Originally Posted by twobjshelbys
So why didn't you pursue getting your year of manufacture reset to 1965? That would be given to someone registering the same vehicle now and it is not your fault they made an error when you first brought it in.
We left New England because of the tax situation. MA is very similar in that tax rates for everything are set by the town. That plus using diesel fuel for heat was insanely stupid.
|
That's what I was able to do...I bought the car with an assigned VIN from Arizona (not the manufacture's VIN no.). The Arizona title with a 2004 mfg. date, which is when it was actually built. Arkansas recognizes it as a
REPLICA and assigned a VIN that reflects the year of replication (1965).Because there were no Backdraft Racing cars in the Arkansas tax tables, my tax was based on how much I paid for it. That amount was on the Bill of Sale so there was no negotiating the $'s amount or actual worth. Since I sold another car for $1,000.00 less than I paid for the Cobra my state sales tax was nothing. Ar allows a $2,000 or 2,500 trade difference before a tax is levied. In other words I did not have to pay any tax at the time of registry. I did have to add the car to my "Personal Property Tax Assessment" which AR does have. It was valued at the same amount that the Revenue Department valued it at.