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Blank st-2 ma Form: What You Should Know

MASSACHUSETTS INSTITUTE OF TECHNOLOGY. Form ST-5. This form will allow you to purchase or lease a new or used vehicle without registering or paying sales tax. The sales tax exemption is for the first 12,000.00 of the vehicle. However, it does not provide for any reduction in the rate of sales tax. For vehicles that exceed the 12,000.00 exemption, the sales tax rate of the vehicle will apply. The sales tax would be 8.25% of the vehicle's sales price, if you have a vehicle purchased as a gift or estate, or for any other reason. This does not apply to vehicles leased by an estate or for use as a taxi when the lessee lives in the Commonwealth of Massachusetts. This form also allows the purchase, sale or lease of a vehicle that was previously registered in or purchased in this Commonwealth, whether for business or personal use (including by rental or lease). For cars, a vehicle may only be sold, leased or rented to an individual with a Massachusetts driver license for the vehicle owner. This exemption does not include a vehicle that has been used to transport passengers and is registered in another state. For motorcycles, a motorcycle may be sold in Massachusetts and leased only by a Massachusetts Dealer in a vehicle that is not motorcade under MASSASSETL-MVSS. For other vehicles, or to a Massachusetts Dealer who will only lease the vehicle to an Oregon Resident, a person with a Massachusetts vehicle registration with a vehicle that is not motorcade must provide a document that states that is not a motorized unit, showing the vehicle has not been motorized on the date of the lessee's application, registration or certificate of title. (See definition below). The lessee must file the report by March 31, 2018. For additional information on a motorcycle or a commercial vehicle, contact your local Secretary of State. If you fail to provide a document under this section, the Secretary of State will withhold a fee of 0.5% of the fair market value from the sale. For further information, visit the Massachusetts Secretary of State's website at . If you do not have a valid Massachusetts Driver's License, you must obtain a valid non- driver's license to register or make the application process easier.

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