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GA SB375
Bill
Status
Introduced
2/10/2014
Primary Sponsor
Vincent Fort
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AI Summary
- Special districts that rejected the transportation sales and use tax in 2012 would cease to exist on or after July 1, 2014, while districts that approved the tax would cease to exist on January 1, 2024
- New special districts may be formed on or after July 1, 2014 by two or more geographically contiguous counties, municipalities, or combinations thereof, requiring passage of a local Act and intergovernmental agreements specifying funded projects, schedules, costs, and revenue distribution
- The tax rate is changed from a fixed 1 percent to up to 1 percent, and the duration is changed from a fixed ten years to a range of three to ten years, with the tax subject to voter approval by majority vote in a general election
- Tax exemptions are revised to exclude food, food ingredients, prepared food, over-the-counter drugs, and prescription drugs from the tax, while removing prior exemptions for off-road equipment fuel, jet fuel, highway motor vehicle fuel, and manufacturing energy
- The $5,000 cap on motor vehicle transactions is eliminated, the definition of "regional transportation roundtable" is limited to pre-July 1, 2014 districts, and the "Special Regional Transportation Funding Election Act" definition is repealed
Legislative Description
Sales and Use Taxes; method for creation of special districts; special districts transportation sales and use tax
Last Action
Senate Read and Referred
2/11/2014
Full Bill Text
No bill text available