05 LC
14 8917
House
Bill 189
By:
Representatives Lucas of the
139th
and Coleman of the
144th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 8 of Title 33 of the Official Code of Georgia Annotated, relating
to insurance fees and taxes, so as to provide that the Commissioner of Insurance
under certain circumstances shall perform early distribution of certain county
and municipal insurance taxes; to provide for related matters; to repeal
conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
8 of Title 33 of the Official Code of Georgia Annotated, relating to insurance
fees and taxes, is amended by striking subsection (g) of Code Section 33-8-8.1,
relating to county and municipal taxation of life insurance companies, and
inserting in its place a new subsection (g) to read as follows:
"(g)
On or before October 15, 1988, and on the same date in each subsequent year, the
Commissioner shall distribute the taxes imposed by counties and municipal
corporations which are actually remitted to and collected by the Commissioner.
On or before October 15, 1988, and on the same date in each subsequent year, the
Commissioner shall distribute any delinquent taxes actually collected by the
Commissioner for a previous year, exclusive of any interest or penalty on such
delinquent taxes, which delinquent taxes have not previously been distributed.
Upon request
of a county or municipal corporation which is experiencing cash flow
difficulties due to unusual circumstances, the Commissioner shall accelerate the
distribution of taxes and delinquent taxes to such local government to the
maximum extent deemed practical by the
Commissioner."
SECTION
2.
Said
chapter is further amended by striking paragraph (5) of subsection (b) of Code
Section 33-8-8.2, relating to county and municipal taxation of insurance
companies other than life insurance companies, and inserting in its place a new
paragraph (5) to read as follows:
"(5)
On or before October 15, 1988, and on the same date in each subsequent year, the
Commissioner shall distribute the taxes imposed by counties and municipal
corporations which are actually remitted to and collected by the Commissioner.
On or before October 15, 1988, and on the same date in each subsequent year, the
Commissioner shall distribute any delinquent taxes actually collected by the
Commissioner for a previous year, exclusive of any interest or penalty on such
delinquent taxes, which delinquent taxes have not previously been distributed.
Upon request
of a county or municipal corporation which is experiencing cash flow
difficulties due to unusual circumstances, the Commissioner shall accelerate the
distribution of taxes and delinquent taxes to such local government to the
maximum extent deemed practical by the
Commissioner."
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.