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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-23-103

Sales Tax Levied on Sale Price Less Credit for Trade-In

Official textalison.legislature.state.al.us

Where any used automotive vehicle, motorboat, truck trailer, semitrailer, or house trailer is taken in trade or in a series of trades as a credit or part payment on the sale of a new or used automotive vehicle, motorboat, truck trailer, semitrailer, or house trailer, the tax levied in this article shall be paid on the net difference, that is, the price of the new or used vehicle, motorboat, or trailer sold less the credit for the used vehicle, motorboat, or trailer taken in trade.

Last amended: Acts 1981, No. 81-665, p. 1086, §4; Acts 1994, No. 94-622, p. 1162, §4.

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In this chapter (40 sections)
  1. 40-23-50 · Tax Levied; Collection and Enforcement
  2. 40-23-60 · Definitions
  3. 40-23-61 · Property Taxed; Persons Liable
  4. 40-23-62 · Exemptions
  5. 40-23-63 · Agricultural Machinery or Equipment - Tax Imposed; Rate; Who…
  6. 40-23-64 · Agricultural Machinery or Equipment - Enforcement;…
  7. 40-23-65 · Credit for Sales or Use Tax Paid to Another State
  8. 40-23-66 · Retail Sellers to Register and Give Information
  9. 40-23-67 · Seller to Collect Tax; Seller Not to Assume or Absorb Tax
  10. 40-23-68 · Seller to File Returns
  11. 40-23-74 · Extension of Time for Making Return
  12. 40-23-75 · Deposit of Security
  13. 40-23-77 · Discount; Distribution and Expenditure
  14. 40-23-82 · Final Return of Retailer Selling Out; Purchaser to Retain…
  15. 40-23-83 · Records to Be Kept; Enforcement of Article; Promulgation of…
  16. 40-23-85 · Disposition of Funds Derived from Tax. (Amended by 2026-392…
  17. 40-23-88 · Penalties
  18. 40-23-100 · Definitions
  19. 40-23-101 · Sales Tax Levied on Automotive Vehicles, Motorboats, Truck…
  20. 40-23-102 · Excise Tax Levied on Storage or Use of Automotive Vehicles,…
  21. 40-23-103 · Sales Tax Levied on Sale Price Less Credit for Trade-In
  22. 40-23-104 · Collection of Taxes Before Registration or Licensing; Proof…
  23. 40-23-105 · Applicability of Certain Title 40 Provisions
  24. 40-23-106 · Reciprocity
  25. 40-23-107 · Fees
  26. 40-23-108 · Disposition of Funds
  27. 40-23-110 · Penalty for Failure to Pay Tax
  28. 40-23-111 · Authority to Adopt and Enforce Rules and Regulations
  29. 40-23-120 · Good Faith Violations
  30. 40-23-121 · Authorization to Collect or Recover Sales Taxes Due on…
  31. 40-23-130 · Calculation of Municipal or County Gross Receipts Tax
  32. 40-23-150 · Education Trust Fund Rainy Day Account
  33. 40-23-170 · Legislative Findings
  34. 40-23-171 · Definitions
  35. 40-23-172 · Delegates for Participation in Multistate Discussions
  36. 40-23-173 · Duties of Delegates; Agreement
  37. 40-23-174 · Distribution of Proceeds
  38. 40-23-190 · Conditions for Remote Entity Nexus
  39. 40-23-191 · Short Title; Definitions
  40. 40-23-192 · Simplified Sellers Use Tax Remittance Program
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