Leasing companies, as the legal owners of the vehicles, are required to follow all requirements for personal property taxation.
There are almost as many differences in leasing company requirements as there are leasing companies.
The registration of the vehicle with the local jurisdiction and the determination of the recipient of the vehicle tax bills (company versus lessee) are decided individually by the leasing company. Depending on your lease contract, the vehicle taxes are either paid by the leasing company or the tax bill is forwarded to you, as the lessee, for payment.
A vehicle lessee should ascertain if the vehicle qualifies for PPTR and encourage the leasing company to provide the required information to the local Commissioner of the Revenue. Should the leased vehicle not already be qualified for PPTRA reduction, please contact the Commissioner of the Revenue for assistance.
