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GA HB951
Bill
Status
Passed
4/21/2016
Primary Sponsor
Chad Nimmer
Click for details
AI Summary
- Back-to-school sales tax holiday established for July 30–31, 2016, exempting eligible property from state sales and use tax
- Energy efficient products sales tax holiday set for September 30–October 2, 2016, covering Energy Star Qualified Products and WaterSense Products priced at $1,500 or less per item purchased for noncommercial home or personal use
- New sales tax exemption created for admissions to nonrecurring major sporting events expected to generate over $50 million in the host locality, including events such as the NFL championship game, NCAA semifinal/championship games, and MLB/MLS/NBA all-star games
- "Nonrecurring" defined as not occurring in Georgia more than once every three years; the commissioner of economic development and state revenue commissioner may jointly designate qualifying events, subject to override by joint resolution of the General Assembly
- Major sporting event exemption automatically repeals on December 31, 2022, except for events with applications submitted before that date; the Act takes effect July 1, 2016, with the admissions exemption applicable to purchases on or after January 1, 2017
Legislative Description
Sales and use tax; admissions to major sporting events; create exemption
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available