07
LC 18 5999
House
Bill 166
By:
Representatives Martin of the
47th
and Chambers of the
81st
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 sales of tangible personal
property to a qualified government grantee; to provide for procedures,
conditions, and limitations; to provide for powers, duties, and authority of the
state revenue commissioner; 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 replacing "; or" with a semicolon at the
end of paragraph (84); replacing the period at the end of paragraph (85) with ";
or"; and by adding a new paragraph to read as follows:
"(86)(A)
From July 1, 2007, until June 30, 2009, sales of tangible personal property to a
qualified government grantee.
(B)
As used in this paragraph, the term 'qualified government grantee' means any
organization located in this state which is exempt from taxation under Section
501(c)(3) of the Internal Revenue Code and which receives funds or grants of
federal or state funds from any governmental agency, entity, or subdivision of
the State of Georgia.
(C)
Any person making a sale of tangible personal property to a qualified government
grantee 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.
(D)
The commissioner is authorized to promulgate rules and regulations deemed
necessary in order to administer and effectuate this
paragraph."
SECTION
2.
This
Act shall become effective on July 1, 2007.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.