Georgia Department of Revenue - ACCG

[Pages:23]Georgia Department of Revenue

Life after March 1st

Georgia Department of Revenue

March 1, 2013

? Titled motor vehicle purchased on or after March 1, 2013:

? Exempt from sales and use tax ? Exempt from annual ad valorem tax (birthday tax)

? $18.00 title fee ? $20.00 registration fee

? Subject to a title ad valorem tax (TAVT)

? Alternative ad valorem tax ? FMV of vehicle * 6.5% = TAVT

Georgia Department of Revenue

March 5, 2013

? Governor signed HB 266

? Changed certain definitions and TAVT rates ? Exempted IRP vehicles from TAVT ? Appeals Process ? Rental Car Rates ? Penalties ? Created new exemptions

Georgia Department of Revenue

Taxable Value

Used Cars:

GRATIS Value ? Trade In Value = TAVT Value

New Cars

Greater of GRATIS value or Bill or Sale ? Trade In

- Rebate or cash discounts + charges for labor, freight, delivery, dealer fees, and

similar charges and dealer add-ons and mark-ups =

TAVT Value

Georgia Department of Revenue

Appeals

? Requires 100% of the TAVT to be paid while a

value appeal is pending

? GRATIS programmed to accept 85% if appeal filed

? Current process requires processing payment of

full amount due and issuing a refund if value is

reduced

My car is worth how much?!?!

Georgia Department of Revenue

Appeals

? Governor signed HB 463 on April 10, 2013

? Allows the tax commissioner some discretion when valuing a used vehicle

? Upon the request of the vehicle owner and supporting documentation, the tax commissioner may consider ? mileage, ? condition, ? bill of sale and ? values from a reputable pricing guide to determine a value that more closely reflects the current condition of the vehicle.

Georgia Department of Revenue

Appeals

? Upon the request of the vehicle owner and supporting documentation, the tax commissioner may consider ? mileage, ? condition, ? bill of sale and ? values from a reputable pricing guide to determine a value that more closely reflects the current condition of the vehicle.

Georgia Department of Revenue

Appeals

? This discretion may help address the taxpayers concerns with the DOR value and prevent the owner from making an appeal to the Board of Assessors

? Allows Tax Commissioner to collect TAVT without overpayment by taxpayer and having to issue an refund

? If taxpayer does not agree with value set by tax commissioner may appeal through O.C.G.A. ? 48-5-311

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download