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Georgia General Assembly > Legislation
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2007-2008 Regular Session - HB 328
Ad valorem tax; finished goods; provide freeport exemption
Sponsored By
HC: Ways & MeansSC:
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
Apr/20/2007 - House Withdrawn, Recommitted
Mar/19/2007 - House Committee Favorably Reported
Feb/10/2007 - House Second Readers
Feb/09/2007 - House First Readers
Feb/08/2007 - House Hopper