07 LC 18
6243S
House
Bill 282 (COMMITTEE SUBSTITUTE)
By:
Representatives Stephens of the
164th,
Martin of the
47th,
Keen of the
179th,
Carter of the
159th,
and Murphy of the
120th
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 for a
limited period of time 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)
For the period commencing on July 1, 2007, and ending on June 30, 2009, 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laws and parts of laws in conflict with this Act are repealed.