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GA HB1375

Bill

Official Source

Status

Introduced

2/22/2024

Primary Sponsor

Yasmin Neal

Click for details

Origin

House of Representatives

2023-2024 Regular Session

AI Summary

  • Exempts construction materials from Georgia sales and use taxes when used for capital outlay projects for educational purposes that were approved and funded through an education special purpose local option sales tax (ESPLOST) authorized under the Georgia Constitution
  • Sales and use taxes must still be collected at the time of purchase; school districts claim the exemption by filing for a refund of taxes paid on qualifying materials
  • Refunds issued under this exemption do not include interest
  • Exemption applies to transactions occurring from July 1, 2024, through June 30, 2029 (five-year sunset period)
  • Amends O.C.G.A. § 48-8-3 by adding a new paragraph (10.1) to the existing sales and use tax exemptions

Legislative Description

Sales and use tax; exempt materials used in construction of capital outlay projects for educational purposes; provisions

Last Action

House Second Readers

2/27/2024

Committee Referrals

Ways and Means2/26/2024

Full Bill Text

No bill text available