Furmato v. State

RIMM, J.T.C.

This is a sales tax matter involving the purchase of a 1993 Mercedes Benz 300D automobile by plaintiff, Joseph Furmato, from TSE Motor Cars in Toms River, New Jersey, on April 23, 1993. The automobile had a retail purchase price of $40,055; the dealership applied a $13,055 trade-in allowance against the purchase price; and the cash payment made by Mr. Furmato for the car was $27,000.

Implicated in this matter are the provisions of the New Jersey Sales and Use Tax Act, N.J.S.A. 54:32B-1 to -36. In particular, the case involves N.J.S.A. 54:32B-10(a), a provision exempting receipts…