Payment of Tax When Used Articles Taken as Credit on Sale of New and Used Articles

1. Law
2. Georgia Code
3. Revenue and Taxation
4. Sales and Use Taxes
5. State Sales and Use Tax
6. Imposition, Rate, Collection, and Assessment
7. Payment of Tax When Used Articles Taken as Credit on Sale of New and Used Articles

When used articles are taken in trade or a series of trades as a credit or partial payment on the sale of new and used articles, the tax imposed by this article shall be paid on the value of the new or used articles less the credits for the used articles.

(Ga. L. 1951, p. 360, § 13; Code 1933, § 91A-4517, enacted by Ga. L. 1978, p. 309, § 2.)

OPINIONS OF THE ATTORNEY GENERAL

Trade-in credit provision does not apply to automobile dealers who "trade" with themselves. 1975 Op. Att'y Gen. No. U75-76.

RESEARCH REFERENCES

Am. Jur. 2d.

- 67B Am. Jur. 2d, Sales and Use Taxes, § 129.

ALR.

- Computation of sales tax where property is turned in by purchaser, 4 A.L.R.2d 1059.

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