State of Rhode Island - Division of Taxation

Sales and Use Tax

Regulation SU 87-71

Motor Vehicles - Purchase of a Repossessed Vehicle

The purchase of a repossessed motor vehicle from a finance company, or other financial institution, organization or person is regarded as a taxable purchase and the purchaser thereof shall be obliged to pay the tax as a prerequisite to the registration of such vehicle.

Cross Reference: Casual Sales

R. GARY CLARK
TAX ADMINISTRATOR

DATE: May 1, 1987