Bill Text: GA HB409 | 2009-2010 | Regular Session | Introduced

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Bill Title: Ad valorem tax; freeport exemption; change a definition

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2009-02-17 - House Second Readers [HB409 Detail]

Download: Georgia-2009-HB409-Introduced.html

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09 LC 18 8068

House Bill 409

By: Representative Martin of the 47th

A BILL TO BE ENTITLED
AN ACT

To amend Code Section 48-5-48.2 of the Official Code of Georgia Annotated, relating to the freeport exemption, so as to change a definition regarding such exemption; to provide an effective date; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.

Code Section 48-5-48.2 of the Official Code of Georgia Annotated, relating to the freeport exemption, is amended by revising paragraph (2) of subsection (a) to read as follows:

"(2) 'Finished goods' shall mean goods, wares, and merchandise of every character and kind but shall not include unrecovered, unextracted, or unsevered natural resources or raw materials or goods in the process of manufacture or production or the stock in trade of a retailer."

SECTION 2.

This Act shall become effective upon its approval by the Governor or upon its becoming law without such approval.

SECTION 3.

All laws and parts of laws in conflict with this Act are repealed.