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Showing posts with label Ad Valorem Tax. Show all posts
Showing posts with label Ad Valorem Tax. Show all posts

Sunday, March 15, 2009

Rice: Car 'Birthday Tax' Bill Good For Dealers, Buyers

Backers of a House plan passed on Thursday to cancel the annual so-called car birthday tax, say a majority of Georgians support them.

H.B. 480 replaces the current car registration tax with a one-time, seven-percent title fee.

The fees would help fund the state's ailing trauma care system.

Republican House Motor Vehicles Chairman Tom Rice of Norcross says the bill's a good deal for car buyers, and would also help revive a sluggish car market:

"There are about 1.8 - 1 point 8.5 million transactions in 2008, cars and other vehicles, so we think that obviously a goodly number of those should be supportive of this legislation because, either one way or another, their not going to pay ad valorem, or not pay sales tax - or not pay both."
Responding to comments by Governor Sonny Perdue calling the bill, "convoluted," Rice says the legislation will be tweaked before it goes before the Senate in the next few weeks.

Click here for more GPB News coverage about H.B. 480.

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