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      09-07-2017, 11:50 AM   #1
TheStanman
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Georgia Lease Tax

It appears that tax laws will change on leases, returning Georgia to the norm of taxing the lease payment rather than the entire value of the car. It will go into effect Jan 2018.

http://www.cnhi.com/featured_stories...0f9cadd1b.html
http://www.legis.ga.gov/Legislation/...0172018/HB/340

Can anyone confirm this? While the links seem pretty clear, I would have expected it to be big news with much greater media coverage. If true, it's great news for car enthusiasts!
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      09-07-2017, 12:01 PM   #2
ThaGeNeCySt
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Wish NC would follow suit lol
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      09-08-2017, 08:45 AM   #3
Mike991M4
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that would be awesome if it is true. but, like you said, I haven't heard anything about it either.
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      09-08-2017, 09:05 AM   #4
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Quote:
Originally Posted by ThaGeNeCySt View Post
Wish NC would follow suit lol
+1 And VA as well.
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      09-14-2017, 11:10 AM   #5
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This is changing in GA Jan.1. Saw an article in the AJC.
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      09-23-2017, 12:44 AM   #6
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Quote:
Originally Posted by ThaGeNeCySt View Post
Wish NC would follow suit lol
NC does do this. NC has a 3% HUT tax (instead of sales tax) that is assessed on your monthly payments, in the alternative you can elect to pay that tax up front, but why would you. My wifes 2 series is an NC lease and that is how it is for us.
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      10-01-2017, 07:14 PM   #7
ThaGeNeCySt
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Quote:
Originally Posted by Thescout13 View Post
NC does do this. NC has a 3% HUT tax (instead of sales tax) that is assessed on your monthly payments, in the alternative you can elect to pay that tax up front, but why would you. My wifes 2 series is an NC lease and that is how it is for us.
oh wow didn't know that... I just moved here (my GF lived here before) and she said it would be the fully tax.

This is awesome
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