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GA HB763
Bill
Status
Passed
5/3/2016
Primary Sponsor
Penny Houston
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AI Summary
- Extends the state sales and use tax exemption on sales of food and food ingredients to qualified food banks from a sunset date of June 30, 2016, to June 30, 2021
- Extends the use tax exemption on food and food ingredients donated to qualified nonprofit agencies for hunger relief from a sunset date of June 30, 2020, to June 30, 2021
- Qualified food banks and nonprofit agencies must be exempt under IRS Section 501(c)(3) and operate primarily to provide hunger relief to low-income Georgia residents
- Adds a reporting requirement for food banks claiming the exemption, requiring electronic submission to the Department of Revenue of total clients served, pounds of food donated by retailers, and total exempt purchases, with the department reporting these figures annually by June 30 to the House Ways and Means and Senate Finance committees
- Amends Code Section 48-8-3 of the Official Code of Georgia Annotated, relating to exemptions from state sales and use taxes
Legislative Description
Sales and use tax; exemption regarding certain food and food ingredients; remove sunset
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available