Resales of automotive vehicles repossessed by the seller or for him by a finance company are taxable measured by the gross proceeds of the resales thereof less credit for any automotive vehicle accepted as part-payment of the sales price of the vehicle so resold.
Author:
Ala. Admin. Code r. 810-6-2-.79.03
Statutory Authority:Code of Ala. 1975, § 40-23-31.