Has anybody run into a state taxing car collections based on current value?

[Ray G.]

Re: Has anybody run into a state taxing car collections based on current value?

That was an April fools day joke. Funny how these things take on a life of their own. http://wheels.blogs.nytimes.com/2011...sic-car-buffs/

Taxes are NOT funny.

[Robert B.]

Re: Has anybody run into a state taxing car collections based on current value?

If the cars are not registered or insured how do they know you have them?

[Ray G.]

Re: Has anybody run into a state taxing car collections based on current value?

If the cars are not registered or insured how do they know you have them?

Hello;
In some Mandatory Insurance States the seller is required to file a form, detached from the title/registration, informing the his State of the buyer name releasing the seller from the insurance requirement on the sold vehicle.
When insurance is purchased, said transaction shows up in State records and on your credit report.
Just some useless info. accumulated over time.
Ray

[Clem Z.]

Re: Has anybody run into a state taxing car collections based on current value?

If the cars are not registered or insured how do they know you have them?

like i posted before some states pay a "finders fee" if you turn some one in.