Florida Partially Exempts Motor Vehicle Purchases By Non-residents

Monday, February 23rd, 2015

 
 
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The Florida Department of Revenue released guidance on the partial exemption for motor vehicles purchased by non-residents.

Florida partially exempts motor vehicle purchases by residents of other states. The tax imposed is the amount that would have been due in the purchaser's home state, but it cannot be more than Florida's 6% tax rate. The purchaser must (1) reside in a state other than Florida and (2) complete an affidavit declaring his or her intent to license the vehicle in his or her home state within 45 days of purchase. An individual does not have to remove the vehicle from Florida to use this partial exemption. The tax must be paid to the Florida Department of Revenue and not to the purchaser's home state.

Non-resident companies can also qualify for the non-resident partial exemption. Companies are considered residents of Florida if (1) an officer of the corporation is a Florida resident, (2) a stockholder who owns at least 10% of the corporation is a Florida resident, or (3) a partner who owns at least 10% of the partnership is a Florida resident. However, a resident company can still use the partial exemption if the vehicle (1) is removed from the state within 45 days of purchase and (2) remains outside the state for at least 180 days.

http://dor.myflorida.com/dor/tips/tip15a01-01.html


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