Faced with a national government that’s on a forced march to socialism, it is encouraging to note that the Georgia General Assembly has begun to stake a different course — one that could actually provide economic stimulus.
An example is a bill introduced last week by state Rep. Harry Geisinger (R-Roswell) that would charge a one-time tax of up to $1,500 on the purchase of an automobile. The kicker is, however, that once the tax is paid, there’s no property tax levied on the vehicle. Ever.
It’s incentive, certainly, to buy a new car. In Cobb County, where the sales tax is 6 percent, the purchaser of a $30,000 vehicle would owe $1,800 just in sales taxes. Thereafter, the car’s owner would pay property taxes with tag renewals.
Incentive to buy a new car? Absolutely.
As introduced by Geisinger, the changeover would be phased in, starting next Jan. 1.
The new system, which applies to both new and used cars, would take effect for individuals when they first register a