Credit upon sale of vehicle
Sec. 8.5. (a) Every owner of a vehicle for which the wheel tax has
been paid for the owner's registration year is entitled to a credit if
during that registration year the owner sells the vehicle. The amount
of the credit equals the wheel tax paid by the owner for the vehicle
that was sold. The credit may only be applied by the owner against
the wheel tax owed for a vehicle that is purchased during the same
registration year.
(b) An owner of a vehicle is not entitled to a refund of any part of
a credit that is not used under this section.
As added by P.L.86-1983, SEC.1.
Last modified: May 28, 2006