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HB 161 - Sales tax; exempt certain machinery and components

Royal, A. Richard (164th)	Buck, III, Thomas B (135th)

Status Summary	HC:	W&M	SC:		FR:	01/25/99	LA:	01/26/99	H - Read 2nd Time

First Reader Summary

A BILL to amend Chapter 8 of Title 48 of the Official Code of Georgia Annotated, relating to sales and use taxes, so as to provide for an exemption from sales and use tax with respect to the replacement, repair, or upgrading of certain machinery and machinery components; and for other purposes.

HB 161                                             LC 18 9252 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Chapter 8 of Title 48 of the Official Code of 
  1- 2  Georgia Annotated, relating to sales and use taxes, so as to 
  1- 3  provide for an exemption from sales and use tax with respect 
  1- 4  to the replacement, repair, or upgrading of certain 
  1- 5  machinery and machinery components; to provide an effective 
  1- 6  date; to repeal conflicting laws; and for other purposes. 
 
  1- 7       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 8                           SECTION 1. 
 
  1- 9  Chapter 8 of Title 48 of the Official Code of Georgia 
  1-10  Annotated, relating to sales and use taxes, is amended by 
  1-11  striking subparagraph (A) of paragraph (34) of Code Section 
  1-12  48-8-3, relating to exemptions from sales and use tax, and 
  1-13  inserting in its place a new subparagraph (A) to read as 
  1-14  follows: 
 
  1-15        "(A) Machinery, including and machinery components 
  1-16        thereof, which is are used directly in the manufacture 
  1-17        of tangible personal property when the machinery is or 
  1-18        machinery components are bought to replace, repair, or 
  1-19        upgrade machinery or machinery components in a 
  1-20        manufacturing plant presently existing in this state. 
  1-21        For purposes of this subparagraph, 'machinery 
  1-22        components' shall include but not be limited to 
  1-23        replacement tooling and repair parts;". 
 
  1-24                           SECTION 2. 
 
  1-25  This Act shall become effective upon its approval by the 
  1-26  Governor or upon its becoming law without such approval. 
 
  1-27                           SECTION 3. 
 
  1-28  All laws and parts of laws in conflict with this Act are 
  1-29  repealed. 
 
 
 
 
 
 
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