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SB 0065 - Alternative Ad Valorem Tax on Motor Vehicles; transfer of a title between legal entities owned by the same person; not constitute a taxable event; provide

Tracking Level: Passed
Sponsor: Tyler Harper (R)
Last Action: 1/1/2020 - Effective Date
Senate Committee: Finance
House Committee: Ways and Means

Staff Analysis of the Legislation

GSBA-CWO Header 

SUMMARY:

LC 28 9070   LC 43 1254S (SCS)   LC 28 9353S   SB 65/AP

Would exempt a person from paying title and ad valorem tax on a transfer of a motor vehicle between businesses owned by the same person.

EFFECTIVE DATE:

July 1, 2019, if passed. 

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text