The Union Recorder

Local News

January 29, 2013

Ga. car tax law makes leasing less attractive

ATLANTA — A new law on Georgia car taxes has made leasing a vehicle a less attractive and more expensive option than buying a car outright.

The Atlanta Journal-Constitution (http://bit.ly/Uzy1FH) reports a bill that eliminated the birthday tax on new cars does not account for car leases — which represents about 42 percent of new car transactions in the state.

After March 1, consumers who buy new cars will pay a single 6.5 percent sales tax at the time of purchase. Consumers who lease cars will pay the same 6.5 percent title tax as people who buy cars outright, but will also have to continue paying monthly sales taxes in the jurisdiction the car was leased in.

The newspaper reports state lawmakers will likely tweak the car tax bill this year.

Click here to subscribe to The Union-Recorder print edition. http://tinyurl.com/6qdm4oj

Click here to subscribe to The Union-Recorder e-edition. http://unionrecorder.newspaperdirect.com/epaper/viewer.aspx

1
Text Only
Local News
Poll
AP Video
Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter New Yorkers Celebrate Cherry Blossom Blooms SCOTUS Hears Tv-over-Internet Case Justice Dept. Broadening Criteria for Clemency Chief Mate: Crew Told to Escape After Passengers 'Miss Meadows' Takes Holmes Back to Her Roots Biden: Russia Must Stop Talking, Start Acting David Moyes Out As Manchester United Manager Raw: Leopard Bites Man in India Iowa College Finds Beauty in Bulldogs High Court to Hear Dispute of TV Over Internet Stowaway Teen Forces Review of Airport Security
Facebook
Twitter Updates
Follow us on twitter
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Stocks
NDN Video
Viral: It's Not Pitbull - It's Amy Poehler! Raw: Leopard Bites Man in India Jenna Dewan-Tatum Strips Down Rise of the Milkbots TRENDING: Brian Williams Raps 'Gin and Juice' on ‘Tonight Show’ Middle School heroes rescue students from burning bus WHOPPER OF FISHING STORY: Florida man catches massive Mako shark Maks Chmerkovskiy's "DWTS" Meltdown The many faces of Mike Woodson Ape Builds A Fire And Toasts Marshmallows In Amazing BBC Video Manchester Utd sack manager David Moyes "RHOA's" Dramatic Brawl High school, College Drug Ring Busted In Montgomery County High Court to Hear Dispute of TV Over Internet Raw: Keflezighi, Jeptoo Win Boston Marathon Teen hitchhikes in wheel well of flight from California to Hawaii Lindsay Lohan's Jaw-Dropping Secret President Sends Message To Boston And Marathon Runners LA Pastor Attracts Churchgoers with Pot Lauren Stoner Shows Off Her Incredible Bikini Body