LETTER TO THE EDITOR

Higher tax on leases is a lose-lose idea

GEORGE T. KLINKE, Vice President, Business Development, LHPH LLC, San Diego January 14, 2013 - 12:01 am ET
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LHPH stands for Lease Here Pay Here.

To the Editor:

Great article on the debacle about to occur in Georgia regarding leasing ("Auto lenders decry Georgia's tax hike on leases," autonews.com, Jan. 9)

It should stir up a lot of interest. From the dealers I've spoken with, it seems there is little knowledge of this issue.

Also, I don't think the Legislature realizes that if leasing diminishes or goes away entirely there will be an adverse effect on state revenues. It is a lose-lose for all concerned.

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