State lawmakers finalized a deal to correct an unintended consequence to leases that made leasing a vehicle in Georgia, not only unattractive, but downright unthinkable.

The original bill called for Georgians who leased vehicles after March 1, 2013, to be accessed a “double” tax. The bill called for a 6.5% title tax due at the purchase and a sales tax on the monthly payment. The amendment to the bill will leave the 6.5% title tax in place, but the monthly tax goes away.

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On our show Saturday, March 2nd, State Senator Emanuel Jones assured our listener’s that the problem would be addressed this week and that the fix would be retroactive to March 1st. I spoke with Senator Jones this afternoon and he confirmed that bill has been sent to Gov. Deal and will be accepted and signed as written.

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