07 LC 18
6085
House
Bill 178
By:
Representatives Scott of the
2nd,
Graves of the
12th,
Lindsey of the
54th,
Stephens of the
164th,
Williams of the
4th,
and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-8-49 of the Official Code of Georgia Annotated, relating
to dealers´ sales and use tax returns, so as to change certain provisions
regarding estimated tax liability; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-8-49 of the Official Code of Georgia Annotated, relating to
dealers´ sales and use tax returns, is amended by revising subsection (b)
as follows:
"(b)(1)
As used in this subsection, the term 'estimated tax liability' means a
dealer´s tax liability, adjusted to account for any subsequent change in
the state sales and use tax rate, based on the dealer´s average monthly
payments for the last fiscal year.
(2)
If the estimated tax liability of a dealer for any taxable period exceeds
$5,000.00
$10,000.00,
the dealer shall file a return and remit to the commissioner not less than 50
percent of the estimated tax liability for the taxable period on or before the
twentieth day of the period. The amount of the payment of the estimated tax
liability shall be credited against the amount to be due on the return required
under subsection (a) of this Code section. This subsection shall not apply to
any dealer unless during the previous fiscal year the dealer´s monthly
payments exceeded
$5,000.00
$10,000.00
per month for three consecutive months or more nor shall this subsection apply
to any dealer whose primary business is the sale of motor fuels who is remitting
prepaid state tax under paragraph (2) of subsection (b) of Code Section 48-9-14.
No local sales taxes shall be included in determining any estimated tax
liability."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.