HB 70 - Sales tax exemption; certain aircraft parts

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 taxes, so as to provide for an exemption with respect to the sale or use of machinery or equipment, or both, which is used directly in the remanufacture of aircraft engines or aircraft engine parts or components; and for other purposes.

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Recorded Votes

• Vote # 11 PASS 01/15/97

HB 70                                             LC 18 7871S 
 
 
 
 
 
 
                        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  taxes, so as to provide for an exemption with respect to the 
  1- 4  sale or use of machinery or equipment, or both, which is 
  1- 5  used directly in the remanufacture of aircraft engines or 
  1- 6  aircraft engine parts or components; to provide for 
  1- 7  conditions and limitations; to provide an effective date; to 
  1- 8  repeal conflicting laws; and for other purposes. 
 
  1- 9       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1-10                           SECTION 1. 
 
  1-11  Code Section 48-8-3 of the Official Code of Georgia 
  1-12  Annotated, relating to exemptions from state sales and use 
  1-13  taxes, is amended by striking paragraph (34.2) and inserting 
  1-14  in its place a new paragraph (34.2) to read as follows: 
 
  1-15        "(34.2)(A) The sale or use of machinery or equipment, 
  1-16        or both, which is used directly in the remanufacture 
  1-17        of aircraft engines or aircraft engine parts or 
  1-18        components in a remanufacturing facility located in 
  1-19        this state.  For purposes of this paragraph, 
  1-20        'remanufacture of aircraft engines or aircraft engine 
  1-21        parts or components' means the substantial overhauling 
  1-22        or rebuilding of aircraft engines or aircraft engine 
  1-23        parts or components on a factory basis. 
 
  1-24        (B) Any person making a sale of machinery or 
  1-25        equipment, or both, for the remanufacture of aircraft 
  1-26        engines or aircraft engine parts or components shall 
  1-27        collect the tax imposed on the sale by this article 
  1-28        unless the purchaser furnishes a certificate issued by 
  1-29        the commissioner certifying that the purchaser is 
  1-30        entitled to purchase the machinery without paying the 
  1-31        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. 
 
  2- 6                           SECTION 3. 
 
  2- 7  All laws and parts of laws in conflict with this Act are 
  2- 8  repealed. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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