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A wheel tax is a vehicle registration fee commonly used on automobiles generally less than 8000 pounds in the United States by some cities and counties. The problem that a wheel tax attempts to solve is that many people come into a community from outside to work and, as a result, use the community's roads, water, sewer, and so forth, but pay no taxes into the community as a result of living ...
A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...
The certification of ownership of automotive vehicles is handled by each state's DMV normally by issuing a vehicle title. The types of vehicles certified by a DMV varies by state. While almost all DMVs title vehicles that are driven on roadways, the responsibility to title boats, mobile homes, and off-road vehicles can be the responsibility of ...
Missouri residents could see a roughly $138 million tax break under legislation passed Thursday by the House in an attempt to offset a recent surge in local tax collections caused by higher ...
The fee is calculated according to the vehicle's tax group, kerb weight, emissions (CO 2 and NOx) and engine volume. [29] Historically, cars in Norway were taxed annually according to an annual motor vehicle tax stipulated by the Norwegian Tax Administration according to the vehicle's type and weight class. The annual motor vehicle tax was ...
In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
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Until 2013, Missouri imposed a Highway Use Tax on all motor vehicles titled in Missouri but not bought in Missouri. As a result of litigation over the proper local tax to impose on such motor vehicles – sales tax or use tax – the General Assembly amended the sales tax statute so that sales tax is imposed on the privilege of titling new and ...