§ 26-980. Same—Used car dealers.

(a)

Every motor vehicle dealer engaged in the business of selling or offering for sale used motor vehicles taken in trade in the sale of new vehicles at a place of business other than the place of business where new motor vehicles are sold or offered for sale shall pay a license fee as set forth in Appendix A to this Code and a license tax equal to $0.36 per $100.00 of the gross receipts of the business in excess of $100,000.00.

(b)

Every motor vehicle dealer engaged in the business of selling or offering for sale used or secondhand motor vehicles to others at retail only and not for resale, exclusively, and does not engage in the business of selling or offering for sale new motor vehicles shall pay a license fee as set forth in Appendix A to this Code and a license tax equal to $0.36 per $100.00 of the gross receipts of the business in excess of $100,000.00.

(c)

Every motor vehicle dealer engaged in the business of selling or offering for sale new and used motor vehicles at the same place of business, whether taken in trade or purchased for resale, shall pay a license fee as set forth in Appendix A to this Code or a license tax equal to $0.36 per $100.00 of the gross receipts of the business, as provided in Section 26-871.

(d)

When used motor vehicles are taken by dealers in trade as a part of the sale price of new or used vehicles, the sale price of such new or used vehicles, less the allowance made for such used vehicles, shall be considered as sales in computing gross receipts. When such used or secondhand vehicles are sold, the price received therefor shall be considered as sales in computing gross receipts.

(e)

Licenses issued under this section and payment of the license taxes prescribed therefor shall not be construed to authorize the operation of motor vehicles upon the City streets, except for demonstration purposes only.

(Code 1993, § 27-419; Code 2004, § 98-752)

State Law reference— Licensing of motor vehicle dealers, Code of Virginia, § 46.2-1508 et seq.

(Code 1993, § 27-419; Code 2004, § 98-752)

State law reference

Licensing of motor vehicle dealers, Code of Virginia, § 46.2-1508 et seq.