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GA HB793
Bill
Status
Passed
5/8/2018
Primary Sponsor
Dominic Lariccia
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AI Summary
- Extends the sales and use tax exemption for renovation or expansion of a qualifying 501(c)(3) aquarium in Georgia from July 1, 2018, until January 1, 2022, and increases the aggregate state tax refund cap from $750,000 to $4.5 million
- Creates a new sales and use tax exemption for tangible personal property used in construction of a qualifying automobile heritage museum, defined as a 501(c)(3) nonprofit facility with a permanent gallery of at least 57,000 square feet, three temporary galleries, a theater, a garage of at least 26,500 square feet, and an outdoor pavilion
- Caps the museum construction exemption at $960,000 in aggregate state and local sales tax refunds, effective July 1, 2018, through December 31, 2020, with automatic repeal on January 1, 2021
- Requires both aquarium and museum exemption claimants to annually report visitor counts, average monthly full-time employees, and total exempt purchases to the Department of Revenue by June 30, with the department reporting that information to the House Ways and Means and Senate Finance committees
- Applies both exemptions to state and local sales and use taxes, with qualifying organizations required to pay tax at purchase and then file refund claims without interest
Legislative Description
Sales and use tax; certain aquarium construction; provide exemption
Last Action
Effective Date
5/8/2018
Full Bill Text
No bill text available