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GA HB947
Bill
Status
Introduced
2/15/2018
Primary Sponsor
Penny Houston
Click for details
AI Summary
- Exempts watercraft and all-terrain vehicles held in dealer inventory for sale or resale from ad valorem (property) taxation, extending an existing exemption to explicitly cover additional vehicle classes
- Adds definitions for "Class I all-terrain vehicle" (50 inches or less in width, dry weight of 1,200 pounds or less, three or more nonhighway tires) and "Class II all-terrain vehicle" (65 inches or less in width, dry weight of 2,000 pounds or less, four or more nonhighway tires) to the existing statute
- Classifies dealer-held inventory of watercraft and all-terrain vehicles, including Class I and Class II ATVs, as a separate classification of tangible property not subject to ad valorem tax return, assessment, or collection until transferred to a buyer
- Effective upon the Governor's approval, applying to all tax years beginning on and after January 1, 2018
- Amends Code Section 48-5-504.40 of the Official Code of Georgia Annotated, sponsored by Representative Houston of the 170th district
Legislative Description
Ad valorem tax; certain watercraft and all-terrain vehicles held in inventory for sale; provide exemption
Last Action
House Second Readers
2/21/2018
Full Bill Text
No bill text available