Motor vehicle or trailer dealers, in making their reports and returns to the department for the purpose of paying the retail sales tax imposed by division IV of chapter 422, shall be permitted to deduct all gross receipts from retail sales of vehicles subject to registration or subject only to the issuance of a certificate of title. Gross receipts from sales of vehicles subject to registration or subject only to the issuance of a certificate of title are exempted from the tax imposed by division IV, but, if required by the director, the gross receipts shall be included in the returns made by motor vehicle or trailer dealers under division IV, and proper deductions taken pursuant to this section.
[C39, § 6943.108; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 423.8; 82 Acts, ch 1251, § 26]
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