Regulation .04 Total Purchase Price.
Regulation .04 Total Purchase Price.LinkCopy Citation
A.
The total purchase price or taxable price of a vehicle is determined by the certified selling price agreed on by the buyer and the seller, including any dealer processing charges as defined in Transportation Article, §15-311.1, Annotated Code of Maryland, less an allowance for the trade-in. There is no other nonmonetary consideration.
B.
The taxable price of the vehicle shall include:
(1)
The retail purchase price;
(2)
The shipping or freight charges;
(3)
After manufacture items included with the vehicle at time of purchase; and
(4)
Manufacturer rebates.
C.
A dealer may not include the cost for any nontaxable items when determining the taxable price of the vehicle. Nontaxable items include:
(1)
Dealer trade-in allowance;
(2)
Dealer discounts or rebates;
(3)
Extended warranties;
(4)
Mechanical repair contracts;
(5)
Federal excise tax;
(6)
Electronic registration fee; and
(7)
Equipment installed to accommodate a disabled person.