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GA HB836

Bill

Official Source

Status

Introduced

1/25/2016

Primary Sponsor

Amy Carter

Click for details

Origin

House of Representatives

2015-2016 Regular Session

AI Summary

  • Exempts from Georgia state sales and use tax the sale of tangible personal property used directly in the construction, renovation, and rehabilitation of affordable housing
  • Limits eligibility to organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code and recognized as bona fide nonprofits by the Georgia Department of Revenue
  • Sets a two-year exemption window from July 1, 2016, through June 30, 2018
  • Amends Code Section 48-8-3 of the Official Code of Georgia Annotated by adding a new paragraph (97) to the existing list of sales and use tax exemptions
  • Effective date of July 1, 2016

Legislative Description

Sales and use tax; property used in renovation and rehabilitation of affordable housing; provide exemption

Last Action

House Second Readers

1/27/2016

Full Bill Text

No bill text available