06 LC 18
4806
House
Bill 1041
By:
Representatives Williams of the
4th,
Dickson of the
6th,
and Forster of the
3rd
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-8-39 of the Official Code of Georgia Annotated, relating
to the effect of use other than retention, demonstration, or display by the
giver of certain certification or by the processor, manufacturer, or converter
of tangible personal property, so as to change certain provisions regarding the
total raw material cost of carpet samples; to provide for an effective date; to
repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-8-39 of the Official Code of Georgia Annotated, relating to the
effect of use other than retention, demonstration, or display by the giver of
certain certification or by the processor, manufacturer, or converter of
tangible personal property, is amended by striking subparagraph (b)(1)(B) and
inserting in its place a new subparagraph (b)(1)(B) to read as
follows:
∀(B)
For purposes of subparagraph (A) of this paragraph, the fair market value of any
carpet sample shall be equal to
21.9
percent of the total raw material cost of the sample, except that the fair
market value of a sample of carpet that is manufactured exclusively for
commercial use shall be equal to 1 percent of the total raw material cost of the
sample
zero.∀
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laws and parts of laws in conflict with this Act are repealed.