09 LC 18
8014S/AP
House
Bill 116 (AS PASSED HOUSE AND SENATE)
By:
Representatives Stephens of the
164th,
Harbin of the
118th,
Keen of the
179th,
and Davis of the
122nd
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 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 revising paragraph (86) as
follows:
"(86)
For the period commencing on July 1, 2007, and ending on June 30,
2009
2011,
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.
All
laws and parts of laws in conflict with this Act are repealed.