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GA HB365
Bill
Status
Engrossed
2/29/2016
Primary Sponsor
David Knight
Click for details
AI Summary
- Amends Georgia's alternative ad valorem tax on motor vehicles (Title 48, Chapter 5C) to modify how local title ad valorem tax fee proceeds are distributed among county governments, municipal governments, and school districts
- Requires county tag agents to first allocate proceeds to offset any reduction in ad valorem tax on motor vehicles compared to the same calendar month of 2012, with shortfalls carried forward to subsequent months
- Distributes remaining proceeds in equal thirds: one-third to county and independent school district boards of education, one-third to county and qualified municipal governing authorities, and one-third according to county special purpose local option sales and use tax distribution methods
- Adds a new provision requiring counties that levied an ad valorem tax on motor vehicles pursuant to a local constitutional amendment on behalf of an authority or agency as of March 1, 2013, to remit a proportional share of proceeds to that authority or agency based on the percentage such tax represented of total county ad valorem tax collected in 2012
- Becomes effective immediately upon the Governor's approval or upon becoming law without such approval
Legislative Description
Alternative ad valorem tax; motor vehicles; change certain provisions
Last Action
Senate Read and Referred
3/2/2016
Full Bill Text
No bill text available