08 LC 18
7375S
The
House Committee on Ways and Means offers the following substitute to HB
1023:
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 state sales and use tax, so as to extend the sunset of exemption
with respect to the sale or use by a government contractor of overhead materials
for an additional period of time; 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 state sales and use tax, is amended by revising subparagraph (C) of
paragraph (58) as follows:
"(C)
This paragraph shall stand repealed on January 1,
2009
2011;"
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laws and parts of laws in conflict with this Act are repealed.