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GA HB1062
Bill
Status
Introduced
2/17/2012
Primary Sponsor
Margaret Kaiser
Click for details
AI Summary
- Tax exemption bills with a fiscal impact may only be introduced during the first year of a General Assembly term and may only be passed during the second year of that term
- All tax exemption bills with a fiscal impact must be assigned to the House Committee on Ways and Means, which can kill the bill without further review if a majority opposes it on the merits
- If the committee votes to advance a bill, an actuarial investigation by the state auditor is mandatory before the bill can be reported out of committee or considered by either chamber
- The state auditor must complete the actuarial investigation by November 1 of the year requested, including findings on the dollar amount of the exemption and the revenue expected to be generated in the state as a result
- The committee may meet up to five days after the legislative session closes (with more days authorized by the Speaker) to perfect the bill before submitting it to the state auditor by July 15, and any committee changes must be made by substitute bill only
Legislative Description
Taxation; actuarial investigation and legislative procedures for review and perfection of all bills proposing tax exemptions; provide
Last Action
House Second Readers
2/21/2012
Committee Referrals
Ways and Means2/17/2012
Full Bill Text
No bill text available