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DR-95B

Use Form DR-95B to calculate credits for sales and use tax paid on

Rule Reference

R. 12/09

repossessed motor vehicles. The dealer who originally paid the tax on the

Rule 12A-1.012(2)(a), Florida Administrative Code, states: A dealer who

vehicle may claim credit on its Sales and Use Tax Return (Form DR-15) or

has paid sales tax in full on the selling price of tangible personal property

request a refund by submitting an Application for Refund – Sales and Use

sold under a retain title, conditional sale or similar contract may, upon

Tax (Form DR-26S).

repossession of the property (with or without judicial process), take credit

on a subsequent return or obtain a refund of that portion of the tax that is

Instructions for completing Form DR-95B

applicable to the unpaid balance of the contract. The return or refund shall

be based on the ratio that the total tax bears to the unpaid balance of the

Column 1 -

Customer’s name - Name of customer from whom the vehicle

sales price, excluding finance of other nontaxable charges, as reflected

was repossessed.

in the sales contract. Refund or credit must be claimed within 12 months

Column 2 -

Property description.

following the month in which the property was repossessed.

Column 3 -

Date sales or use tax paid to Florida Department of Revenue.

Column 4 -

Sales tax paid on original purchase - include discretionary

sales surtax, if applicable.

Column 5 -

Purchase price less trade-in - Price of unit less trade-in, if

any. Actual amount of original purchase price should not

For Information and Forms

include nontaxable charges, such as interest, penalty charges,

Information and forms are available on our Internet site at:

carrying charges, license fees, notary fees, etc.

Column 6 -

Purchase price less trade-in less cash down - Price of unit

less trade-in and any cash down payment.

To speak with a Department of Revenue representative, call Taxpayer Services,

Note: Complete Column 5 and Column 6.

Monday through Friday, 8 a.m. to 7 p.m., ET, at 800-352-3671.

Column 7 -

Length of contract in months - Total number of months for

Persons with hearing or speech impairments may call our TDD at 800-367-8331

which contract was written.

or 850-922-1115.

Column 8 -

Monthly payment prorated - Divide Column 6 by Column 7.

Column 9 -

Sales or use tax rate at time of purchase, including surtax, if

For a written reply to tax questions, write:

applicable - divide Column 4 by Column 5.

Taxpayer Services

Column 10 - Number of payments unpaid - Total of unpaid payments on

Florida Department of Revenue

the contract.

5050 W Tennessee St Bldg L

Column 11 - Tax credits - Multiply columns 8, 9 and 10. Note: After the

Tallahassee FL 32399-0112

date of repossession, the dealer who paid the tax may take

a credit on a subsequent return or obtain a refund. See Rule

12A-1.012(2)(a), Florida Administrative Code.

Get the Latest Tax Information

Column 12 - Actual date of repossession - Indicate the specific date

(month, day, and year) the motor vehicle was repossessed.

• Tax Information Publications (TIPs).

• Facts on Tax, a quarterly publication.

Note: Copy of invoice must be attached supporting each repossession.

• Proposed rules, notices of rule development workshops, and more.

Method of Determining Tax Credit - Divide Column 6 by Column 7, which

equals Column 8. Divide Column 4 by

Column 5, which equals Column 9.

Multiply Columns 8, 9, and 10, which

equals Column 11 (tax credit).

Form Dr-95b - Schedule Of Florida Sales Or Use Tax Credits Claimed On Repossessed Motor Vehicles Page 2

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