KRS 138.4603: Determination of motor vehicle retail price for sales on or after July 1,

2014.

(1) (a) Effective for sales on or after July 1, 2014, of:

1. New motor vehicles;

2. Dealer demonstrator vehicles;

3. Previous model year motor vehicles; and

4. U-Drive-It motor vehicles that have been transferred within one hundred

eighty (180) days of being registered as a U -Drive-It and that have less

than five thousand (5,000) miles;

the retail price shall be determined by reducing the amount of total

consideration given b y the trade -in allowance of any motor vehicle traded in

by the buyer. The value of the purchased motor vehicle and the amount of the

trade-in allowance shall be determined as provided in subsection (2) of this

section.

(b) The retail price shall not includ e that portion of the price of the vehicle

attributable to equipment or adaptive devices necessary to facilitate or

accommodate an operator or passenger with physical disabilities.

(2) (a) The value of the purchased motor vehicle offered for registration a nd the

value of the vehicle offered in trade shall be attested to in a notarized

affidavit.

(b) If a notarized affidavit is not available:

1. The retail price of the purchased motor vehicle offered for registration

shall be determined as follows:

a. Ninety percent (90%) of the manufacturer's suggested retail price

of the vehicle with all equipment and accessories, standard and

optional, and transportation charges; or

b. Eighty-one percent (81%) of the manufacturer's suggested retail

price of the vehicle with all equipment and accessories, standard

and optional, and transportation charges in the case of new trucks

of gross weight in excess of ten thousand (10,000) pounds; and

2. The value of the vehicle offered in trade shall be the trade -in value, as

established by the reference manual.