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
DATE: May 1, 1987