Hi, I was wondering if anyone here has knowledge about sales tax exemptions in New York, specifically for truck purchases.
I recently purchased a used semi-truck through a loan from Missouri, where there is no sales tax on truck purchases. I’ll be operating under a Missouri-based company using its DOT and MC number. However, I reside in New York and was told I only need to register the title here.
My question is: Do I still need to pay New York sales tax when registering the truck, even though it was purchased and financed in Missouri for use under a Missouri-based company?
Unfortunately, the accountant who handles my taxes doesn’t seem to have a clear answer, so I’m feeling stuck.
If anyone knows a good accountant who understands trucking businesses and New York state tax laws, I’d greatly appreciate a referral.
Thank you!
Sales Tax exemption
Discussion in 'Trucker Taxes and Truck Financing' started by emilyny, Apr 7, 2025.