Texas Comptroller Publishes Motor Vehicle Tax Guide

The Texas Comptroller of Public Accounts Dec. 1 published motor vehicle tax guide for sales and use and excise tax purposes. The publication includes information on: 1) application for title and registration; 2) applicable tax types and surcharge; 3) standard presumptive value on private-party transactions; 4) certain specific provisions, which includes tax credits, fair market value deduction, family transfers, manufactured housing and mobile homes, and off-highway vehicles; and 5) exemptions. The publication also discusses a glossary of terms and applicable tax rates. [Tex. Comptroller of Pub. Accts, Publ’n 96-254, 12/01/20]

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