ATLANTA (AP) - 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% of new car transactions in the state.
After March 1, consumers who buy new cars will pay a single 6.5% sales tax at the time of purchase. Consumers who lease cars will pay the same 6.5% 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.
Friday, May 17 2013 11:59 PM EDT2013-05-18 03:59:14 GMT
Who wants to a millionaire? How about 600 times over?
Who wants to a millionaire? How about 600 times over? The already gigantic Powerball jackpot for this Saturday night's drawing has risen again, hitting $600 million at noon on Friday—which is the highest in the history of the game.
