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GA HB998
Bill
Status
Introduced
2/11/2016
Primary Sponsor
Geoff Duncan
Click for details
AI Summary
- Exempts from Georgia state sales and use tax the purchase of tangible personal property from a vendor for temporary storage in the state when the property is intended for subsequent use outside Georgia
- Defines "temporary storage" as keeping property in Georgia for 90 days or less, with the purchaser required to document at the time of delivery that the property was ordered for a specific project and will be used outside the state
- Permits temporary storage activities to include packaging, crating, palletizing, or repackaging for transport outside Georgia without triggering tax liability
- Specifies that any use beyond temporary storage—including processing, fabricating, or modifying the property—constitutes a taxable use subject to sales and use tax
- Effective July 1, 2016, with applicability to property temporarily stored in Georgia on or after January 1, 2017
Legislative Description
Sales and use tax; temporary storage of certain materials; create new exemption
Last Action
House Second Readers
2/17/2016
Full Bill Text
No bill text available