Alabama Statutes
§ 40-23-103 — Sales Tax Levied on Sale Price Less Credit for Trade-In
Alabama § 40-23-103
JurisdictionAlabama
Title 40Revenue and Taxation
Ch. 23Sales and Use Taxes
Art. 3Taxes on Sale, Storage, and Use of Automotive Vehicles, Motorboats, Truck Trailers, Etc
This text of Alabama § 40-23-103 (Sales Tax Levied on Sale Price Less Credit for Trade-In) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 40-23-103 (2026).
Text
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.
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Legislative History
(Acts 1981, No. 81-665, p. 1086, §4; Acts 1994, No. 94-622, p. 1162, §4.)
Nearby Sections
15
§ 40-1-1
Definitions§ 40-1-14
Payment of Court Costs§ 40-1-2
Lien for Taxes - Generally§ 40-1-23
Liability of Officers for ConversionCite This Page — Counsel Stack
Bluebook (online)
Alabama § 40-23-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/40-23-103.