Bill Text: GA HB395 | 2009-2010 | Regular Session | Comm Sub
Bill Title: Sales and use tax; personal property; construction of certain symphony halls; extend exemption
Spectrum: Partisan Bill (Republican 4-0)
Status: (Passed) 2009-07-01 - Effective Date [HB395 Detail]
Download: Georgia-2009-HB395-Comm_Sub.html
09 LC 18
8181S
House
Bill 395 (COMMITTEE SUBSTITUTE)
By:
Representatives Wilkinson of the
52nd,
Burkhalter of the
50th,
and Martin of the
47th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-8-3 of the Official Code of Georgia Annotated, relating to
exemptions from sales and use taxes, so as to extend the exemption for sales of
certain tangible personal property used in direct connection with the
construction of certain symphony halls; to repeal conflicting laws; and for
other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-8-3 of the Official Code of Georgia Annotated, relating to exemptions
from sales and use taxes, is amended by revising subparagraph (A) of paragraph
(78) as follows:
"(78)(A)
Notwithstanding any provision of Code Section 48-8-63 to the contrary, from the
effective date of this paragraph until September 1,
2009
2011,
sales of tangible personal property used in direct connection with the
construction of a new symphony hall facility owned or operated by an
organization which is exempt from taxation under Section 501(c)(3) of the
Internal Revenue Code if the aggregate construction cost of such facility is
$200 million or more."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.
