09 AM
25 1169
ADOPTED
Senators Shafer of the 48th and Bulloch of the 11th offered the following amendment:
Senators Shafer of the 48th and Bulloch of the 11th offered the following amendment:
Amend
the LC 36 1419S substitute to HB 473 by replacing lines 1 and 2 with the
following:
To
amend Title 50 of the Official Code of Georgia Annotated, relating to state
government, so as to
By
inserting after "and
limitations;" on line
5 the following:
to exempt the Georgia Technology Authority from certain sales and use taxes;
to exempt the Georgia Technology Authority from certain sales and use taxes;
By
replacing lines 9 and 10 with the
following:
Title 50 of the Official Code of Georgia Annotated, relating to state government, is amended by adding
Title 50 of the Official Code of Georgia Annotated, relating to state government, is amended by adding
By
inserting after Section 1 the following:
SECTION
1C.
Said
title is further amended by revising Code Section 50-25-8, relating to tax
exemptions for the Georgia Technology Authority, as follows:
"50-25-8.
It
is found, determined, and declared that the creation of the authority and the
carrying out of its corporate purposes are in all respects for the benefit of
the people of this state and are public purposes and that the authority will be
performing an essential governmental function in the exercise of the powers
conferred upon it by this chapter. The authority shall be required to pay no
taxes or assessments upon any property acquired or under its jurisdiction,
control, possession, or supervision.
The tax
exemption provided for in this Code section shall include an exemption from all
sales and use tax on property purchased or used by the
authority."