The so-called birthday tax on cars is over for people who buy vehicles starting Friday. Lawmakers last year replaced the annual tax on the value of your vehicle with a one-time title tax paid when you buy a car.
House lawmakers Thursday tweaked last year’s the tax reform bill to lighten the load on Georgians who lease rather than purchase a car. Car leasers would no longer have to pay a monthly sales tax on the vehicle.
This March the birthday tax and sales tax on new cars and trucks are going away, replaced with a new one-time title tax. But what does that mean for those thinking about buying a vehicle now? It depends on a variety of circumstances.
A tax reform plan that would remove an unpopular car tax and the sales tax manufacturers pay on energy unanimously passed the state Senate Thursday. The state House has already passed the measure so it now heads to Governor Nathan Deal, who says he will sign it.