HB 15 - Special county 1% sales tax; termination; change provisions

First Reader Summary

A BILL to amend Code Section 48-8-112 of the Official Code of Georgia Annotated, relating to the commencement and termination of the special county 1 percent sales and use tax, so as to change the provisions regarding the date of termination of the tax; to provide for applicability; and for other purposes.

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Recorded Votes

• Vote # 47 PASS 01/31/97

HB 15                                              LC 18 7803 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Code Section 48-8-112 of the Official Code of 
  1- 2  Georgia Annotated, relating to the commencement and 
  1- 3  termination of the special county 1 percent sales and use 
  1- 4  tax, so as to change the provisions regarding the date of 
  1- 5  termination of the tax; to provide for applicability; to 
  1- 6  provide an effective date; to repeal conflicting laws; and 
  1- 7  for other purposes. 
 
  1- 8       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 9                           SECTION 1. 
 
  1-10  Code Section 48-8-112 of the Official Code of Georgia 
  1-11  Annotated, relating to the commencement and termination of 
  1-12  the special county 1 percent sales and use tax, is amended 
  1-13  by striking subsection (b) and inserting in its place a new 
  1-14  subsection (b) to read as follows: 
 
  1-15    "(b) The tax shall cease to be imposed on the earliest of 
  1-16    the following dates: 
 
  1-17      (1) If the resolution or ordinance calling for the 
  1-18      imposition of the tax provided for the issuance of 
  1-19      general obligation debt and such debt is the subject of 
  1-20      validation proceedings, as of the end of the first 
  1-21      calendar quarter ending more than 80 days after the date 
  1-22      on which a court of competent jurisdiction enters a 
  1-23      final order denying validation of such debt; 
 
  1-24      (2) On the final day of the maximum period of time 
  1-25      specified for the imposition of the tax; or 
 
  1-26      (3) If the tax was imposed solely for purposes other 
  1-27      than road, street, and bridge purposes, as As of the end 
  1-28      of the calendar quarter during which the commissioner 
  1-29      determines that the tax will have raised revenues 
  1-30      sufficient to provide to the county net proceeds equal 
  1-31      to or greater than the amount specified as the maximum 
  1-32      amount of net proceeds to be raised by the tax." 
 
 
 
 
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  2- 1                           SECTION 2. 
 
  2- 2  Notwithstanding any provision of Code Section 1-3-4.1 to the 
  2- 3  contrary, this Act shall become effective upon its approval 
  2- 4  by the Governor or upon its becoming law without such 
  2- 5  approval and shall apply with respect to taxes imposed or to 
  2- 6  be imposed under resolutions or ordinances adopted on or 
  2- 7  after said effective date. 
 
  2- 8                           SECTION 3. 
 
  2- 9  All laws and parts of laws in conflict with this Act are 
  2-10  repealed. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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