Many DDI ELT participants have asked questions on how a lender will pay the new Georgia tax. You will find helpful details below:
Vehicle Owners
A vehicle owner can submit
payment to the county in which he or she registers the vehicle and applies for
a title and registration.
Dealers
If a vehicle is purchased at
a dealership, the dealer will accept the application for the title and TAVT
payment on the purchaser’s behalf and deliver the title application and TAVT
payment to the county tag agent.
The dealer has 10 days from
the date of purchase to remit the title application and TAVT payment to the
county agent. If the payment is sent later than 10 days from the date of
purchase, the dealer is liable for 5% of the TAVT owned plus an additional 5%
for each month the payment the payment was not remitted. If the payment is not
sent within 30 days of purchase, a second penalty applies.
Non-Dealer Sales
For casual vehicle purchases,
the buyer must remit the application for the title and the TAVT payment within
30 days of the purchase of the vehicle. If the buyer does not pay within 30
days, a penalty of 10% of the amount of the TAVT owed plus an additional 1% per
month for every month the payment is late will be owed.
