06 LC 18
4944
House
Bill 1050
By:
Representatives Wix of the
33rd,
Royal of the
171st,
Rice of the
51st,
Ray of the
136th,
and Martin of the
47th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-8-2 of the Official Code of Georgia Annotated, relating to
definitions regarding sales and use tax, so as to change the definition of sales
price; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-8-2 of the Official Code of Georgia Annotated, relating to
definitions regarding sales and use tax, is amended by striking paragraph (9)
and inserting in its place a new paragraph (9) to read as follows:
"(9)(A)
'Sales price' means the total amount valued in money, whether paid in money or
otherwise, for which tangible personal property or services are sold including,
but not limited to, any services that are a part of the sale and any amount for
which credit is given to the purchaser by the seller without any deduction from
the total amount for the cost of the property sold, the cost of materials used,
labor or service costs, losses, or any other expenses of any kind.
(B)
'Sales price' does not include:
(i)
Cash discounts allowed and taken on sales;
(ii)
The amount charged for labor or services rendered in installing, applying,
remodeling, or repairing property sold;
or
(iii)
Finance charges, carrying charges, service charges, or interest from credit
extended on sales of tangible personal property under conditional sale contracts
or other conditional contracts providing for deferred payments of the purchase
price;
or
(iv)
Any rebates, discounts, or other reductions allowed and taken with respect to
sales of motor
vehicles."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.