(a) (1) Any county general sales or use tax levied pursuant to this subchapter shall be levied and collected only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.(2) A vendor shall be responsible for collecting and remitting the tax only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.(3) If a sale or lease subject to subdivision (a)(1) of this section involves periodic payments, the applicable sales and use tax shall be:(A) For the purpose of determining the application of the limitation provided under subdivision (a)(1) of this section, applied to the aggregate amount of all periodic payments due on the sale or lease; and(B) Either:(i) Collected on the first periodic payment due on the sale or lease; or(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(1) Any county general sales or use tax levied pursuant to this subchapter shall be levied and collected only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.
(A) Motor vehicle;
(B) Aircraft;
(C) Watercraft;
(D) Modular home;
(E) Manufactured home; or
(F) Mobile home.
(2) A vendor shall be responsible for collecting and remitting the tax only on the first two thousand five hundred dollars ($2,500) of gross receipts, gross proceeds, or sales price on the sale of a:(A) Motor vehicle;(B) Aircraft;(C) Watercraft;(D) Modular home;(E) Manufactured home; or(F) Mobile home.
(A) Motor vehicle;
(B) Aircraft;
(C) Watercraft;
(D) Modular home;
(E) Manufactured home; or
(F) Mobile home.
(3) If a sale or lease subject to subdivision (a)(1) of this section involves periodic payments, the applicable sales and use tax shall be:(A) For the purpose of determining the application of the limitation provided under subdivision (a)(1) of this section, applied to the aggregate amount of all periodic payments due on the sale or lease; and(B) Either:(i) Collected on the first periodic payment due on the sale or lease; or(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(A) For the purpose of determining the application of the limitation provided under subdivision (a)(1) of this section, applied to the aggregate amount of all periodic payments due on the sale or lease; and
(B) Either:(i) Collected on the first periodic payment due on the sale or lease; or(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(i) Collected on the first periodic payment due on the sale or lease; or
(ii) Evenly distributed and collected on each separate periodic payment due on the sale or lease.
(b) A vendor collecting, reporting, and remitting the tax shall show the tax as a separate entry on the tax report form filed with the Secretary of the Department of Finance and Administration.