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GA HB1034

Bill

Official Source

Status

Passed

5/2/2022

Primary Sponsor

Marcus Wiedower

Click for details

Origin

House of Representatives

2021-2022 Regular Session

AI Summary

  • Exempts from Georgia sales and use tax the admissions to nonrecurring major sporting events expected to generate over $50 million in economic impact in the host locality
  • Adds any match of a FIFA World Cup to the definition of "major sporting event," alongside existing qualifying events such as the NFL championship game, NCAA semifinal/championship games, and MLB/MLS/NBA all-star games
  • Extends the sunset date for the sales tax exemption from December 31, 2022, to December 31, 2031, with applications submitted before that date still honored
  • Defines "nonrecurring" as events not occurring in Georgia more than once every three years
  • Retains the General Assembly's authority to nullify an exemption determination via joint resolution passed by both chambers

Legislative Description

Sales and use tax; exemption for sales of admissions to nonrecurring major sporting events; revise

Last Action

Effective Date 2022-07-01

5/2/2022

Committee Referrals

Finance3/16/2022
Ways and Means1/27/2022

Full Bill Text

No bill text available