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Mslib stands for Motor Vehicle Sales and Use Tax Local Option and is a tax form used to report local option sales tax on motor vehicles.
Any individual or business that sells motor vehicles in a specific locality where the local option sales tax is applicable is required to file mslib.
Mslib can be filled out either manually by completing the form provided by the local tax authority or electronically through their online portal.
The purpose of mslib is to ensure that the local option sales tax on motor vehicles is properly reported and remitted to the local tax authority.
The information that must be reported on mslib includes details of the motor vehicle sold, the buyer's information, the selling price, and the amount of local option sales tax collected.
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