HB 374

Abstract

A BILL to be entitled an Act to amend Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, so as to revise provisions of law regarding state and local title ad valorem tax fees paid by dealers of used motor vehicles that directly finance the sale of used motor vehicles; to provide for the option of a used car dealer that directly finances the sale of a used motor vehicle to either pay the full amount of the state and local title ad valorem tax fees at the time of sale or pay 50 percent at the time of sale and 50 percent within 12 months of the date of sale; to provide for related matters; to provide an effective date; to repeal conflicting laws; and for other purposes.