HB 59 - Sales tax exemption; cert sales by postsecondary ed organizations

First Reader Summary

A BILL to amend Code Section 48-8-3 of the Official Code of Georgia Annotated, relating to exemptions from state sales and use taxation, so as to provide for an exemption from state sales and use taxation for certain sales by postsecondary education organizations; and for other purposes.

Page Numbers - 1

HB 59                                              LC 18 7804 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Code Section 48-8-3 of the Official Code of Georgia 
  1- 2  Annotated, relating to exemptions from state sales and use 
  1- 3  taxation, so as to provide for an exemption from state sales 
  1- 4  and use taxation for certain sales by postsecondary 
  1- 5  education organizations; to provide an effective date; to 
  1- 6  repeal conflicting laws; and for other purposes. 
 
  1- 7       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 8                           SECTION 1. 
 
  1- 9  Code Section 48-8-3 of the Official Code of Georgia 
  1-10  Annotated, relating to exemptions from state sales and use 
  1-11  taxation, is amended by striking the period at the end of 
  1-12  paragraph (58) thereof and inserting in its place a 
  1-13  semicolon, inserting "; or" at the end of paragraph (59) 
  1-14  thereof, and adding thereafter a new paragraph (60) to read 
  1-15  as follows: 
 
  1-16      "(60) Sales by any postsecondary education organization 
  1-17      affiliated with a college or university qualified as a 
  1-18      tax exempt organization under Section 501(c)(3) of the 
  1-19      Internal Revenue Code." 
 
  1-20                           SECTION 2. 
 
  1-21  Notwithstanding any provision of Code Section 1-3-4.1 to the 
  1-22  contrary, this Act shall become effective July 1, 1997. 
 
  1-23                           SECTION 3. 
 
  1-24  All laws and parts of laws in conflict with this Act are 
  1-25  repealed. 
 
 
 
 
 
 
 
 
 
 
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