When applying a trade-in allowance to the certified selling price to determine the taxable price of the vehicle purchased, the dealer shall complete one of the following forms: Application for Certificate of Title (VR-5); Maryland Dealers Reassignment (VR-182); Dealers Reassignment on the reverse side of the Maryland Certificate of Title (VR-2); The Dealer's or Auto Wreckers Re-Assignment on the reverse side of the Maryland Salvage Certificate (VR-108); or The Dealer's Reassignment on the reverse side of the Maryland Notice of Security Interest Filing (VR-2), if the dealer is selling a repossessed vehicle. When applying a trade-in allowance, a dealer shall: Complete the Maryland Dealer's Certification portion of the application for title; or Provide an original bill of sale showing the certified selling price and amount of the trade-in allowance. The dealer shall determine and enter on the Maryland Dealer's Certification portion of the application for title: The certified selling price; The trade-in allowance; The taxable price of the vehicle by deducting the amount of the trade-in allowance from the certified selling price; The gross tax remitted by calculating the applicable excise tax rate times the taxable price; and For licensed Maryland dealers, the net tax remitted by: Multiplying 0.6 percent times the gross tax remitted up to $12; and Subtracting the result from the gross tax collected. When the trade-in allowance is equal to, or higher than, the total purchase price, the excise tax shall be $0. When the excise tax is exempt under Transportation Article, §13-810, Annotated Code of Maryland, or calculated as $0 as set forth in §D of this regulation, no additional allowance or refund shall be given to the purchaser of the vehicle. When a certificate of title or a dealer reassignment is submitted without the required Maryland Dealer's Certification showing the trade-in allowance information on the form, a dealer shall submit with the certificate of title or a dealer reassignment: A completed Application for Certificate of Title (VR-5) containing the required certification; or An original bill of sale showing the: Purchase price and the amount of trade-in allowance; Vehicle identification number of the trade-in vehicle; and State in which the trade-in vehicle was last titled.