Georgia House Bill HB347

Georgia 2023-2024 Regular Session

• Introduced: 2/9/23

Caption

Alternative ad valorem tax; rental motor vehicle; revise definition

Impact

This bill is significant as it modifies existing taxation rules for rental vehicles, which could lead to changes in revenue collection for local governments. By revising the definition, the bill may expand or contract the pool of vehicles classified as rental, thereby influencing state and local tax revenues. The precise impact on revenue will depend on the size of the rental vehicle market and the extent to which the redefined categories include or exclude vehicles previously classified differently.

Summary

House Bill 347 addresses the alternative ad valorem tax concerning rental motor vehicles in Georgia. The bill aims to revise the definition of a 'rental motor vehicle' as per Chapter 5C of Title 48 of the Official Code of Georgia Annotated. The primary change proposed in this legislation is to clarify which vehicles fall under the rental category for tax purposes, thus affecting how these vehicles are taxed at the state and local levels.

Contention

While no specific points of contention were noted in the available discussions or voting history related to HB347, any change in tax definitions often invites scrutiny from various stakeholders. Rental companies might have differing perspectives on how these changes affect their operations and financial implications, while tax authorities will focus on the potential changes in tax revenue resulting from the bill's enactment. The concerns are typically centered around fairness in taxation and the implications for local businesses.