Florida Automobile Dealers Industry Information Pamphlets

State:
Multi-State
Control #:
US-7778JE
Format:
Word; 
Rich Text
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This Phamplet is a brief explanation of the Automobile Dealers industry in Word format.
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FAQ

Sales Tax Calculation To calculate the sales tax that is included in a company's receipts, divide the total amount received (for the items that are subject to sales tax) by "1 + the sales tax rate". In other words, if the sales tax rate is 6%, divide the sales taxable receipts by 1.06.

Under the amended Rule, dealers must display a revised window sticker called a Buyers Guide, which contains warranty and other important information for consumers, on each used car they offer for sale. The compliance sweep was conducted between April and June 2018, in 20 cities nationwide.

The discretionary sales surtax rate depends on the county. Rates currently range from 0.5 percent to 1.5 percent. A few counties do not impose the surtax. Form DR-15DSS provides a list of Florida counties and their surtax rates.

Auto dealers are subject to extensive federal and state consumer protections. Dealers are regulated effectively by, among other agencies, the Federal Trade Commission (FTC) and the Federal Reserve Board.

The Florida Department of Highway Safety and Motor Vehicles licenses and regulates new and used Dealers, wholesales and manufactuers in the state and has a list of searchable active licensees available to the public on their website.

The collection allowance is 2.5% (. 025) of the first $1,200 of tax due, not to exceed $30 for each reporting location. If you have less than $1,200 in tax due, your collection allowance will be less than $30.

You have three options for filing and paying your Florida sales tax:File online: File online at the Florida Department of Revenue. You can remit your payment through their online system.File by mail: You can use Form DR-15 and file and pay through the mail.AutoFile Let TaxJar file your sales tax for you.

Tax Rates. The discretionary sales surtax rate depends on the county, where rates currently range from . 5% to 1.5%; however, there are some counties that do not impose surtax.

The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.

The Buyers Guidethe major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for;whether the vehicle is being sold "as is" or with a warranty;what percentage of the repair costs a dealer will pay under warranty;More items...

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Florida Automobile Dealers Industry Information Pamphlets