Good looking out ruscar!
-W
Georgia Threatens to Raise Taxes on Older Vehicles Legislation (H.B. 80) introduced in the Georgia General Assembly may effectively raise taxes on untitled vehicles that remain subject to the state’s annual ad valorem tax. As a result of a law enacted last year, vehicles that are sold in the state and re-titled in the new owner’s name will be subject to a one-time tax (“New Title Fee”) beginning March 1, 2013. The “New Title Fee” will replace annual ad valorem taxes for titled vehicles sold after March 1, 2013, including vehicles sold and purchased by enthusiasts. However, pre-1963 model year vehicles are not titled and pre-1986 model year vehicles are not required to be titled, so many vehicles would remain subject to the lesser annual assessments even when transferred to a new owner.
H.B. 80 is designed to close the loophole on un-titled vehicles and would alter the definition of "fair market value” to force vehicle owners subject to the annual tax to pay more by assessing their vehicle’s value at the retail selling price or the value contained within the assessment manual, whichever is greater. Since current law requires antique, hobby, and special interest vehicles to be valued in this manual at only $100 for ad valorem tax purposes, the retail selling price will almost always be the greater of the two values.
We Urge You to Contact All Members of the Georgia House Ways and Means Committee (List Attached Below) Immediately to Request Their Opposition to H.B. 80
For purposes of ad valorem taxes on motor vehicles, "antique or hobby or special interest motor vehicle" means a motor vehicle which is 25 years old or older or a motor vehicle which has been designed and manufactured to resemble an antique or historical vehicle.
Under current law, pre-1986 vehicles are not required to be titled in Georgia and pre-1963 vehicles cannot be titled in Georgia, so these vehicles cannot be subjected to the “New Title Fee,” but would be subject to an increased annual ad valorem tax.
H.B. 80 threatens to raise the annual ad valorem tax on pre-1986 vehicles without titles by assessing their value based on the retail selling price.
H.B. 80 ignores the fact that many antique, classic and collectible vehicles are owned and maintained by low and fixed income Americans who are less able to afford a higher, annual tax.
H.B. 80 ignores the fact that these older cars are infrequently driven (about one-third the miles each year as a new vehicle) hobby cars and should not be subject to increased tax rates.
DON’T DELAY! Please contact members of the Georgia House Ways and Means Committee immediately by e-mail to request their opposition to H.B. 80.
Please e-mail a copy of your letter to Steve McDonald at stevem@sema.org. Also, please forward this Alert to your fellow car enthusiasts. Urge them to join the SAN and help defend the hobby! Thank you for your assistance.
If you live in the State of Georgia, please take some time to contact your representatives as well as the
members of the Georgia House Ways and Means Committee. See the link above for a list of emails/phone numbers and names of representatives on this committee.
To find all of your elected officials to contact about any and all automobile related matters, based on your legal residence address, go here :
http://votesmart.org----
The actual bill
HB 80 on the Georgia Legislature website.
----
I only posted this here on the 'Bolt because it involves legislation concerning older vehicles.
If you know other older vehicle enthusiasts of whatever kind within the State of Georgia, please share the source link with them.
Thanks.
again, the source:
Georgia Threatens to Raise Taxes on Older Vehicles I've emailed the committee members and the reps for my district, as well as contacting anyone and everyone I know with old vehicles.
Ya'll light up their phones and stuff their letter/email boxes!
If any of you retired guys can get together, go have a word in person!
-Woogeroo
