09-07-2017, 11:50 AM | #1 |
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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! |
09-08-2017, 08:45 AM | #3 |
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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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09-23-2017, 12:44 AM | #6 |
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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 | |
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Quote:
This is awesome
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