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GA HB807
Bill
Status
Engrossed
3/10/2020
Primary Sponsor
Martin Momtahan
Click for details
AI Summary
- Local government regulatory fee proceeds must be accounted for separately and used exclusively to fund regulatory activity, not general government operations, though local governments are not required to establish separate accounts for the proceeds
- Businesses and practitioners operating in multiple jurisdictions may elect to provide affidavits from certified public accountants in lieu of tax returns when submitting financial information to allocate gross receipts
- Regulatory fees charged by local governments must approximate the reasonable cost of actual regulatory activity, such as inspections or investigations for public health, safety, or welfare
- The CPA affidavit provision (Section 2) takes effect September 1, 2020, while the regulatory fee accounting requirement (Section 1) takes effect July 1, 2025
- Amends Article 1 of Chapter 13 of Title 48 of the Official Code of Georgia Annotated (Code Sections 48-13-9 and 48-13-14)
Legislative Description
Revenue and taxation; allow businesses to provide affidavits of certified public accountants in lieu of tax returns
Last Action
Senate Read Second Time
6/23/2020
Full Bill Text
No bill text available