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GA HB886
Bill
Status
Passed
5/3/2018
Primary Sponsor
Sam Watson
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AI Summary
- Increases the minimum qualifying threshold for agricultural sales and use tax exemption from $2,500 to $5,000 in annual agricultural product sales, services, or annualized sales capacity across all producer categories
- Requires agricultural producers to obtain a valid state taxpayer identification number through the Department of Revenue's Georgia Tax Center before the Commissioner of Agriculture can issue or renew an exemption certificate
- Extends exemption certificate validity to three years (for certificates issued or renewed on or after January 1, 2019) and changes the application/renewal fee from $15-$25 annually to up to $150 per three-year issuance or renewal
- Establishes enforcement penalties including suspension of the exemption certificate for up to one year for knowing unlawful use, potential revocation for a subsequent offense within five years, and a three-year waiting period before reapplication after revocation
- Requires the Department of Agriculture to submit an annual report to the House Ways and Means Committee and Senate Finance Committee detailing the number of new, renewed, and revoked or suspended exemption certificates
Legislative Description
Sales and use tax; exemption for agricultural machinery and equipment; provisions
Last Action
Effective Date
5/3/2018
Full Bill Text
No bill text available