HB 328 - Ad valorem tax; finished goods; provide freeport exemption

Current Version

PDF Version

Committees

HC:W&M
SC:

Current Status

04/20/07 - House Withdrawn, Recommitted

First Reader Summary

A BILL to be entitled an Act to amend Code Section 48-5-48.2 of the O.C.G.A., relating to the authority of local governments to provide a freeport exemption from ad valorem taxation for certain inventories of finished goods and goods in the process of manufacture, so as to provide that under certain circumstances, when a new municipal corporation is chartered by local Act, the voters of the new municipal corporation shall determine whether to authorize a freeport exemption; to provide for implementation of the exemption if authorized; to provide for related matters; to amend Chapter 31 of Title 36 of the Official Code of Georgia Annotated, relating to incorporation of new cities, so as to provide for a conforming reference; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

Status History

Bill History
Date	Action
02/09/2007	House First Readers
02/10/2007	House Second Readers
03/19/2007	House Committee Favorably Reported
04/20/2007	House Withdrawn, Recommitted

Versions

LC 14 9565/a