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GA HB1291
Bill
Status
Passed
5/9/2022
Primary Sponsor
Vance Smith
Click for details
AI Summary
- Extends the sales tax exemption for sale or lease of computer equipment incorporated into high-technology company facilities from June 30, 2023 to December 31, 2028
- Beginning January 1, 2024, companies claiming the exemption must pay 10% of all sales taxes on the first $15 million of eligible purchases or leases, rather than receiving a full exemption above the $15 million threshold
- Expands the definition of items excluded from "computer equipment" to add employee-issued devices (smartphones, tablets, laptops, etc.) and prewritten computer software
- Extends the high-technology data center equipment sales tax exemption from December 31, 2028 to December 31, 2031, and significantly reduces minimum investment thresholds for mid-size counties (from $150 million to $75 million) and small counties (from $100 million to $25 million), while adding new quality job creation requirements tiered by county population (25, 10, or 5 new jobs)
- Removes the blanket requirement of 20 new quality jobs for all data centers and replaces it with population-based job creation thresholds tied to county size
Legislative Description
Sales and use tax; exemption for sale or lease of computer equipment of high-technology companies; revise spending threshold and extend sunset date
Last Action
Effective Date 2022-05-09
5/9/2022
Committee Referrals
Finance3/16/2022
Ways and Means2/10/2022
Full Bill Text
No bill text available