07 LC 18
5856
House
Bill 282
By:
Representatives Stephens of the
164th,
Martin of the
47th,
Keen of the
179th,
and Carter of the
159th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-8-3 of the Official Code of Georgia Annotated, relating to
exemptions from sales and use tax, so as to provide for an exemption regarding
the sale or use of engines, parts, equipment, or other tangible personal
property used in the maintenance or repair of certain aircraft; to provide an
effective date; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-8-3 of the Official Code of Georgia Annotated, relating to exemptions
from sales and use tax, is amended by replacing "; or" with a semicolon at the
end of paragraph (84); by replacing the period at the end of paragraph (85) with
"; or"; and by adding a new paragraph to read as follows:
"(86)
The sale or use of engines, parts, equipment, and other tangible personal
property used in the maintenance or repair of aircraft when such engines, parts,
equipment, and other tangible personal property are installed on such aircraft
that is being repaired or maintained in this state so long as such aircraft is
not registered in this state."
SECTION
2.
This
Act shall become effective on July 1, 2007.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.