09 LC 28
4549
House
Bill 348
By:
Representatives Graves of the
12th,
Roberts of the
154th,
McCall of the
30th,
Jerguson of the
22nd,
Coan of the
101st,
and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Article 10A of Chapter 5 of Title 48 of the Official Code of Georgia
Annotated, relating to ad valorem taxation of heavy-duty equipment motor
vehicles, so as to provide that no ad valorem tax shall be charged on any
heavy-duty equipment motor vehicle except during the taxable year in which it is
purchased; to provide for related matters; to provide an effective date and for
applicability; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
10A of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating
to ad valorem taxation of heavy-duty equipment motor vehicles, is amended by
revising subsection (a) of Code Section 48-5-507, relating to change of method
of evaluating heavy-duty equipment motor vehicles for ad valorem taxes, as
follows:
(a)
Except as provided in subsections (b) and (c) of this Code section, every
heavy-duty equipment motor vehicle owned in this state by a natural person or
other entity is subject to ad valorem taxation by the various tax jurisdictions
authorized to impose an ad valorem tax on property
only if
owned by such natural person or entity on the first day of January of any
taxable year
on a one-time
basis during the taxable year in which the heavy-duty equipment motor vehicle is
purchased. No ad valorem tax shall be charged on any heavy-duty equipment motor
vehicle except during the taxable year in which it is
purchased. Taxes shall be charged against
the owner of the property, if known, and, if unknown, against the specific
property itself. The owner shall return the heavy-duty equipment motor vehicle
for taxation as provided in Article 1 of this chapter."
SECTION
2.
This
Act shall become effective on January 1, 2010, and shall apply to all taxable
years beginning on and after such date.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.