Vehicle Purchases
The rate on the purchase of vehicles subject to registration is 5%. It is imposed on the purchase price.
Vehicle Leases
The rate on motor vehicle leases is 5%. It is imposed on the lease price.
The vehicle must:
- be subject to registration, but not a motorcycle or motorized bicycle
- have a gross vehicle weight rating of less than 16,000 pounds
- be leased for a period of 12 months or more