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GA HB1223

Bill

Official Source

Status

Engrossed

2/15/2022

Primary Sponsor

Charles Martin

Click for details

Origin

House of Representatives

2021-2022 Regular Session

AI Summary

  • Extends the sunset date for the sales and use tax exemption on the sale or lease of computer equipment incorporated into high-technology company facilities in Georgia from June 30, 2023, to December 31, 2023
  • The exemption applies to high-technology companies classified under 18 specific 2017 North American Industrial Classification System (NAICS) codes, including semiconductor manufacturing, data processing, software publishing, and computer systems design
  • Qualifying purchases must exceed $15 million in computer equipment sales per calendar year, or leased equipment must have a fair market value exceeding $15 million per calendar year
  • Purchasers must obtain a certificate of exemption from the commissioner and report annually on facilities where exempted equipment was incorporated and the total amount of taxes exempted
  • Amends Code Section 48-8-3, paragraph (68) of the Official Code of Georgia Annotated

Legislative Description

Sales and use tax; exemption for sale or lease of computer equipment of high-technology companies; extend sunset date

Last Action

Senate Read and Referred

2/17/2022

Committee Referrals

Finance2/17/2022
Ways and Means2/7/2022

Full Bill Text

No bill text available