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GA HB931

Bill

Official Source

Status

Engrossed

3/15/2022

Primary Sponsor

Wesley Cantrell

Click for details

Origin

House of Representatives

2021-2022 Regular Session

AI Summary

  • Excludes the cost of upgrades or enhancements that enable or accommodate wheelchair users from the fair market value calculation of new motor vehicles for purposes of Georgia's alternative ad valorem tax (Title Ad Valorem Tax, or TAVT)
  • Amends Code Section 48-5C-1 to add wheelchair accessibility equipment and modifications to the list of items excluded from a new vehicle's retail selling price when determining the taxable value
  • Retains existing exclusions from the retail selling price, including federal retailers' excise tax, extended warranties, service contracts, maintenance agreements, and finance/insurance/interest charges
  • Effective January 1, 2023, applicable to all vehicle titles issued on or after that date
  • Offered as a substitute by the House Committee on Ways and Means

Legislative Description

Ad valorem tax; contents of certificates of title of motor vehicles; revise

Last Action

Senate Read and Referred

3/16/2022

Committee Referrals

Finance3/16/2022
Ways and Means1/24/2022

Full Bill Text

No bill text available