Ga. car tax law makes leasing less attractive - New York News

Ga. car tax law makes leasing less attractive

ATLANTA (AP) - A new law on Georgia car taxes has made leasing a vehicle a less attractive and more expensive option than buying a car outright.

The Atlanta Journal-Constitution (http://bit.ly/Uzy1FH) reports a bill that eliminated the birthday tax on new cars does not account for car leases - which represents about 42% of new car transactions in the state.

After March 1, consumers who buy new cars will pay a single 6.5% sales tax at the time of purchase. Consumers who lease cars will pay the same 6.5% title tax as people who buy cars outright, but will also have to continue paying monthly sales taxes in the jurisdiction the car was leased in.

The newspaper reports state lawmakers will likely tweak the car tax bill this year.

 

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Skydiver dies after crashing into NJ backyard

    Skydiver dies after crashing into NJ backyard

    Monday, April 21 2014 10:23 AM EDT2014-04-21 14:23:02 GMT
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
  • Easter Bunny train sparks New Jersey brush fires

    Easter Bunny train sparks New Jersey brush fires

    Fire officials say several small brush fires were ignited by a train carrying the Easter Bunny in northwestern New Jersey.
    A train carrying the Easter Bunny in northwestern New Jersey has ignited several small brush fires.
  • Cops: 73-year-old man shoots neighbor in dispute

    Cops: 73-year-old man shoots neighbor in dispute

    Monday, April 21 2014 7:37 AM EDT2014-04-21 11:37:28 GMT
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices