Georgia Low and Zero Emission Tax Credit

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Georgia Low-Emission and Zero-Emission Tax Credit

Here's a link to the current law with amendments to close out the credit:

http://www.legis.ga.gov/Legislation/20152016/146080.pdf

Following is Georgia Department of Revenue guidance for computing the "cost," for both purchase or lease:

Begin with the Sticker Price, then subtract the Federal tax credit and then dealer discounts.

Our Comments:

We think for a purchase, the Sticker Price is straight-forward. For leases, however, we find Sticker Price less clear. It is our practice to use the figure labeled " Agreed upon value of vehicle." This is the amount the dealer uses in its computation of Capitalized Cost, but not Capitalized Cost itself.

Note: The DOR guidance was received via phone from Pamela Goshay. She can be reached via email at: pamela.goshay@dor.ga.gov.