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GA HB919
Bill
Status
Introduced
2/4/2014
Primary Sponsor
Sam Teasley
Click for details
AI Summary
- Amends Georgia Code Section 48-5C-1 to create a reduced title ad valorem tax rate for motor vehicles donated to or purchased by 501(c)(3) nonprofit organizations that use the vehicles solely for charitable, religious, educational, scientific, literary, public safety testing, amateur sports, or child/animal cruelty prevention purposes
- Sets the reduced rate at 0.50% of fair market value for the state title ad valorem tax fee and 0.50% of fair market value for the local title ad valorem tax fee, replacing the standard rates that would otherwise apply
- Preserves existing law allowing vehicles donated to 501(c)(3) nonprofits for the purpose of being transferred to another person to be taxed at the lower salvage title rate instead of the standard rate
- Becomes effective immediately upon the Governor's approval or upon becoming law without such approval
Legislative Description
Ad valorem tax; rate of taxation for certain vehicles purchased or donated by charitable organizations; provide
Last Action
House Second Readers
2/6/2014
Full Bill Text
No bill text available