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GA HB851

Bill

Official Source

Status

Passed

5/1/2012

Primary Sponsor

Alan Powell

Click for details

Origin

House of Representatives

2011-2012 Regular Session

AI Summary

  • Amends Georgia Code Section 48-6-73 governing reports and distributions related to the taxation of intangibles
  • Eliminates the reduced 4 percent commission rate that applied to collecting officers in counties with populations exceeding 650,000 (based on the 2000 U.S. census or any future census)
  • Establishes a uniform 6 percent commission for all collecting officers statewide as compensation for collecting and distributing the intangible tax, removing the population-based exception
  • In counties where the collecting officer is salaried, the 6 percent commission must be paid into the county treasury and becomes county property
  • Becomes effective immediately upon approval by the Governor or upon becoming law without such approval

Legislative Description

Taxation of intangibles; rates charged by collecting officers; change certain requirements

Last Action

Effective Date

5/1/2012

Committee Referrals

Finance3/7/2012
Ways and Means2/1/2012

Full Bill Text

No bill text available