In the context of out-of-state vehicle purchases, the Dr 123 form, formally known as the "Partial Exemption for Motor Vehicle Sold to Resident of Another State Affidavit," serves a crucial role within the state of Florida's regulatory framework. As per Rule 12A-1.097, F.A.C., and effective from January 2021, this affidavit facilitates the partial tax exemption for vehicles sold to nonresidents who intend to promptly remove the vehicle from Florida. To qualify for this exemption, the document stipulates that the vehicle must be transported out of Florida within 45 days of purchase and not return for at least 180 days, unless it is under a corporate or partnership ownership with no Floridian officer or significant stockholder. It requires detailed information about the buyer, the seller, and the vehicle itself, including the make, model, and year, alongside the vehicle identification and motor numbers. Moreover, it outlines the responsibilities of the purchaser regarding the payment of sales tax to Florida, with the potential for additional taxes owed if the vehicle is registered in a state with a higher tax rate or if tax credits are not applicable. This affidavit ensures that all parties are informed about their obligations and the specifics of the sales tax situation, relying on a notarized confirmation of the provided information to protect all involved entities.
| Question | Answer |
|---|---|
| Form Name | Form Dr 123 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | florida dr 123, fillable dr 123, dr 123 fillable, dr123 |
