The tax ends on March 1 for car buyers, and a new 'title tax' takes effect.
Although other counties may be making special preparations, Gwinnett County tax officials say they are prepared for the coming tax change on auto sales. "We don't think we'll have a big problem" handling the routine of the new "title tax" that takes effect March 1, said Paula Martin of the Gwinnett tax commissioners office. On that date, the annual "birthday tax" expires for state vehicle owners who purchase a new vehicle. It means that people purchasing a vehicle will pay a one-time "title tax" -- 6.5 percent in 2013 -- as opposed to the annual ad valorem tax that is due on the vehicle owner's birthday. -- How do you feel about the new vehicle "title tax"? Will it change your car buying decision? Share your thoughts in the comments below…
House Bill 386 removes the sales tax and the annual ad valorem tax on newly purchased vehicles that used to become due on your birthday every year. The new law becomes effective March 1, 2013.
- GOVERNMENT
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Wednesday, January 9
The so-called “Birthday Tax” is going away later this year. Effective March 1, 2013, House Bill 386 removes the sales tax and the annual ad valorem tax on newly purchased vehicles that used to become due on your birthday every year. It replaces these taxes with a new 6.5 percent title tax. Here's what you need to know, according to the Gwinnet County Tax Commissioner’s Office: If you purchase a vehicle on or after March 1, 2013, you will pay the new title tax to the tag agent in the county in which you register the vehicle. You pay when you apply for the title and register the vehicle. The new title tax is not due every year but is due each time the vehicle is sold and titled. It applies to dealer sales as well as sales between individuals…
