HB 1028 - Wire transmission; money received; provide fee

Committees

Current Status

03/04/08 - House Committee Favorably Reported

First Reader Summary

A BILL to be entitled an Act to amend Article 11 of Chapter 1 of Title 7 of the O.C.G.A., relating to records and reports of currency transactions, so as to provide for a fee with respect to money received for wire transmission; to provide for procedures, conditions, and limitations; to provide for legislative intent; to prohibit certain conduct to avoid or evade such fee; to provide for powers, duties, and authority of the commissioner of banking and finance with respect to the foregoing; to amend Article 2 of Chapter 7 of Title 48 of the O.C.G.A., relating to the imposition, rate, and computation of income tax, so as to provide for an income tax credit with respect to wire transmission fees; to provide for conditions and limitations; to provide for powers, duties, and authority of the state revenue commissioner with respect to the foregoing; to provide an effective date; to provide for applicability; to repeal conflicting laws; and for other purposes.

Status History

Bill History
DateAction
01/29/2008House First Readers
01/30/2008House Second Readers
03/04/2008House Committee Favorably Reported