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GA HB1158

Bill

Official Source

Status

Introduced

3/10/2020

Primary Sponsor

Jason Ridley

Click for details

Origin

House of Representatives

2019-2020 Regular Session

AI Summary

  • Amends Chapter 5C of Title 48 of the Official Code of Georgia Annotated to change how the title ad valorem tax is calculated for rental motor vehicles owned by rental motor vehicle concerns
  • Eliminates the previous reduced rate of 0.625% of fair market value for both state and local title ad valorem tax fees that rental vehicle companies could qualify for
  • Removes the condition that rental companies must demonstrate at least $400.00 in average sales and use tax per vehicle in the prior calendar year to receive the reduced rate
  • Subjects rental motor vehicles to the standard state and local title ad valorem tax fees prescribed under division (b)(1)(B)(ii) of Code Section 48-5C-1, effectively increasing the tax burden on rental fleets
  • Sponsored by Representative Ridley of the 6th District during the 2020 legislative session

Legislative Description

Ad valorem tax; motor vehicles; change rate of taxation on rental vehicles

Last Action

House Second Readers

3/13/2020

Full Bill Text

No bill text available