07 LC 18
6197S
House
Bill 148 (COMMITTEE SUBSTITUTE)
By:
Representatives Burkhalter of the
50th
and Smith of the
113th
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 provide for an exemption with
respect to the sale of tangible property to or in construction or expansion of
an aquarium in this state for a limited 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 paragraph (76) as
follows:
"(76)
Notwithstanding any provision of Code Section 48-8-63 to the contrary, from
the
effective date of this paragraph
June 4,
2003, until January 1,
2007
2011,
sales of tangible personal property to, or used in the construction
or
expansion of, an aquarium
in this
state owned or operated by an organization
which is exempt from taxation under Section 501(c)(3) of the Internal Revenue
Code;"
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laws and parts of laws in conflict with this Act are repealed.