Bill > HB186

This bill makes two key changes to Georgia state law. First, it eliminates the title ad valorem tax fee (a type of vehicle ownership tax) for motor vehicles inherited by immediate family members after the death of the original owner. Previously, heirs would have been required to pay both a state and local title ad valorem tax fee equal to one-quarter of 1 percent of the vehicle's fair market value. Now, inherited vehicles will be exempt from these fees. Second, the bill expands the definition of "tourism product development" in relation to excise taxes on lodging to include air service product expansion at air carrier airports, which could potentially allow for additional tourism-related tax considerations for airports. The bill concludes with a standard clause repealing any laws that conflict with its provisions, which is a common legal formality to ensure the new law's clear implementation.

Budget and Finance

https://www.legis.ga.gov/legislation/69665