HB 1774 - Sales tax for educational purposes; levy; certain debt

Georgia House of Representatives - 1995/1996 Sessions

HB 1774 - Sales tax for educational purposes; levy; certain debt

Page Numbers - 1/ 2
Code Sections - 48-8-140/ 48-8-141/ 48-8-142
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House Comm: W&M / Senate Comm: / House Vote: Yeas Nays Senate Vote: Yeas Nays ---------------------------------------- House Action Senate ---------------------------------------- 2/21/96 Read 1st Time 2/26/96 Read 2nd Time 2/26/96 Favorably Reported Sub Committee Amend/Sub ---------------------------------------- Code Sections amended: 48-8-140, 48-8-141, 48-8-142
HB 1774 LC 18 7559S A BILL TO BE ENTITLED AN ACT 1- 1 To amend Chapter 8 of Title 48 of the Official Code of 1- 2 Georgia Annotated, relating to sales and use taxes, so as to aldd Geod� x��@d� x��@d�x��@dw��@d�w��@d�w��@d�w 1- 4 levied and collected in the same manner as the special 1- 5 county 1 percent sales and use tax under Article 3 of said 1- 6 chapter; to provide for additional requirements with respect 1- 7 to the issuance of certain debt in conjunction with such 1- 8 tax; to provide for the authority for this Act; to provide 1- 9 for legislative intent; to provide for an effective date; to 1-10 provide for automatic repeal under certain circumstances; to 1-11 repeal conflicting laws; and for other purposes. 1-12 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. 1-13 Chapter 8 of Title 48 of the Official Code of Georgia 1-14 Annotated, relating to sales and use taxes, is amended by 1-15 adding a new article at the end thereof, to be designated 1-16 Article 4, to read as follows: "ARTICLE 4 1-17 48-8-140. (Index) 1-18 This article is enacted pursuant to the authority of 1-19 Article VIII, Section VI, Paragraph IV of the Constitution 1-20 of Georgia and it is the intent of the General Assembly in 1-21 the enactment of this article to further define and 1-22 implement such provision of the Constitution. 1-23 48-8-141. (Index) 1-24 Except as otherwise expressly provided in Article VIII, 1-25 Section VI, Paragraph IV of the Constitution of Georgia, 1-26 the sales tax for educational purposes which may be levied 1-27 by a board of education of a county school district or 1-28 concurrently by the board of education of a county school 1-29 district and the board of education of each independent 1-30 school district located within such county, shall be 1-31 imposed, levied, and collected by such board or boards of -1- (Index) LC 18 7559S 2- 1 education in the same manner as the special county 1 2- 2 percent sales and use tax provided for under Article 3 of 2- 3 this chapter and the provisions of Article 3 of this 2- 4 chapter shall apply equally to such board or boards of 2- 5 education. 2- 6 48-8-142. (Index) 2- 7 If general obligation debt is to be issued in conjunction 2- 8 with the imposition of the sales tax for educational 2- 9 purposes authorized by Article VIII, Section VI, Paragraph 2-10 IV of the Constitution, the resolution or concurrent 2-11 resolutions imposing such tax shall specify the principal 2-12 amount of the debt to be issued, the purpose for which the 2-13 debt is to be issued, the interest rate or rates or the 2-14 maximum interest rate or rates which such debt is to bear, 2-15 and the amount of principal to be paid in each year during 2-16 the life of the debt. If such general obligation debt is 2-17 to be issued, the ballot shall have written or printed 2-18 thereon, in addition to the descriptions required by 2-19 Article VIII, Section VI, Paragraph IV(c) of the 2-20 Constitution, the following: 2-21 'If imposition of the tax is approved by the voters, 2-22 such vote shall also constitute approval of the issuance 2-23 of general obligation debt of ______________________ in 2-24 the principal amount of $_________________ for the above 2-25 purpose.'" SECTION 2. 2-26 This Act shall become effective on January 1, 1997; 2-27 provided, however, that this Act shall only become effective 2-28 on January 1, 1997, upon the ratification of House 2-29 Resolution 728 at the November, 1996, state-wide general 2-30 election, which resolution authorizes the imposition, levy, 2-31 and collection of a 1 percent sales and use tax for 2-32 educational purposes. If such resolution is not so 2-33 ratified, this Act shall not become effective and shall 2-34 stand repealed in its entirety on January 1, 1997. SECTION 3. 2-35 All laws and parts of laws in conflict with this Act are 2-36 repealed. -2- (Index)

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