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GA HB846
Bill
Status
Passed
5/1/2012
Primary Sponsor
David Knight
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AI Summary
- Defines "ruling" as a written determination issued by the Revenue Commissioner in response to a taxpayer's inquiry about tax status or effects of transactions, and establishes that rulings have no precedential value except to the specific person and transaction addressed
- Authorizes the Commissioner to promulgate regulations for submitting, issuing, and publicly disclosing letter rulings, with required redaction of names, addresses, and other identifying details before public release
- Modernizes the levy and sale process for personal property by authorizing sales via public auction, public Internet auction, or sealed bids, and requires a minimum bid price be set for each sale, with the Commissioner retaining property if no bid meets that threshold
- Authorizes the Commissioner to convert original or alias tax executions into electronic form for indexing, storage, retrieval, or transmittal, with electronically stored versions treated as originals for all purposes, eliminating the requirement to maintain paper originals
- Takes effect upon the Governor's approval, with the letter ruling provisions applying only to rulings requested after the effective date
Legislative Description
Revenue, Department of; various administrative and procedural requirements; change
Last Action
Effective Date
5/1/2012
Committee Referrals
Finance3/7/2012
Ways and Means2/1/2012
Full Bill Text
No bill text available