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GA HB1094
Bill
Status
Introduced
2/21/2012
Primary Sponsor
Matt Dollar
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AI Summary
- Amends Code Section 48-6-73 of the Official Code of Georgia Annotated governing reports and distributions of intangible recording taxes
- Collecting officers retain a 6% commission on intangible recording taxes collected as compensation, with that commission paid into the county treasury in counties where the officer is salaried
- Reduces the commission to 4% for counties with a population of at least 690,000 but not more than 700,000 and counties with a population of at least 900,000, based on the 2010 U.S. decennial census or any future census
- Replaces the previous population threshold of "more than 650,000" (based on the 2000 census) with the updated population brackets, effectively targeting specific large Georgia counties for the lower commission rate
- Requires collecting officers to report all sums collected and remitted to the commissioner by the tenth day of each month, with failure to collect and distribute the tax constituting a breach of official duty and bond
Legislative Description
Intangible tax; population brackets and census relative to commission on collection of taxes; change certain provisions
Last Action
House Second Readers
2/22/2012
Committee Referrals
Ways and Means2/21/2012
Full Bill Text
No bill text available