06 LC
18 5040
House
Bill 1139
By:
Representatives Lindsey of the
54th
and Ashe of the
56th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-8-3 of the Official Code of Georgia Annotated, relating to
exemptions from sales and use tax, so as to provide for an exemption for a
limited period of time with respect to certain qualified historical and
educational attractions; 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 48-8-3 of the Official Code of Georgia Annotated, relating to exemptions
from sales and use tax, is amended by adding a new paragraph immediately
following paragraph (80), to be designated paragraph (80.1), to read as
follows:
∀(80.1)(A)
Notwithstanding any provision of Code Section 48-8-63 to the contrary, from the
effective date of this paragraph until December 31, 2009, sales of tangible
personal property to, or used in or for the new construction of a qualified
historical and educational attraction.
(B)
As used in this paragraph, the term: 'qualified historical and educational
attraction' means any tourist attraction facility constructed on or after the
effective date of this paragraph dedicated to representing history through
sculpture and art which costs exceeds $8 million and is greater than 10,000
square feet of space.
(C)
Any person making a sale of tangible personal property for the purpose specified
in this paragraph shall collect the tax imposed on this sale unless the
purchaser furnishes such person with an exemption determination letter issued by
the commissioner certifying that the purchaser is entitled to purchase the
tangible personal property without paying the
tax;∀
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laws and parts of laws in conflict with this Act are repealed.