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GA HB899
Bill
Status
Passed
4/27/2016
Primary Sponsor
Jay Powell
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AI Summary
- Changes escrow deposit requirements for nonparticipating tobacco product manufacturers from annual (due by April 15 of the following year) to quarterly (due within 30 days after each calendar quarter in which sales occur), with both quarterly and annual certification to the Attorney General required
- Adds a definition of "importer" and makes importers jointly and severally liable for escrow deposits owed by nonparticipating manufacturers whose cigarettes they imported and which were sold in Georgia
- Requires nonparticipating manufacturers to post a bond of the greater of $50,000 or the highest escrow amount owed in Georgia over the last 12 quarters, with the state authorized to execute on the bond for delinquent escrow and civil penalties
- Increases distributor reporting frequency from quarterly to monthly (due within 10 calendar days after each month) and makes knowingly submitting false information under the tobacco settlement chapters a felony and grounds for directory removal
- Authorizes the Attorney General and revenue commissioner to share otherwise confidential tax information with each other and with federal, state, or local agencies for enforcement purposes, and expands license suspension or revocation grounds to include violations of Chapters 13 and 13A of Title 10
Legislative Description
Commerce and trade; tobacco product manufacturers; revise and add certain definitions; provisions
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available