09
House
Bill 395
By:
Representatives Wilkinson of the
52nd,
Burkhalter of the
50th,
and Martin of the
47th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Part 1 of Article 1 of Chapter 8 of Title 48 of the Official Code of
Georgia Annotated, relating to general provisions concerning state sales and use
taxes, so as to extend the sales and use tax exemption for certain tangible
personal property used in direct connection with the construction of certain
symphony halls; to provide for related matters; to repeal conflicting laws; and
for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Part
1 of Article 1 of Chapter 8 of Title 48 of the Official Code of Georgia
Annotated, relating to general provisions concerning state sales and use taxes,
is amended by revising paragraph (78) of Code Section 48-8-3, relating to
exemptions from sales and use taxes, as follows:
"(78)(A)
Notwithstanding any provision of Code Section 48-8-63 to the contrary, from the
effective date of this paragraph until September 1,
2009
2015,
sales of tangible personal property used in direct connection with the
construction of a new symphony hall facility owned or operated by an
organization which is exempt from taxation under Section 501(c)(3) of the
Internal Revenue Code if the aggregate construction cost of such facility is
$200 million or more.
(B)
Any person making a sale of tangible personal property for the purpose specified
in this paragraph shall collect the tax imposed on this sale unless the
purchaser furnishes such person with an exemption determination letter issued by
the commissioner certifying that the purchaser is entitled to purchase the
tangible personal property without paying the tax;".
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.