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GA HB461

Bill

Official Source

Status

Passed

5/6/2024

Primary Sponsor

Brad Thomas

Click for details

Origin

House of Representatives

2023-2024 Regular Session

AI Summary

  • Local government regulatory fee proceeds must be used to fund regulatory activity and not general operations, though local governments are not required to establish separate accounts for such proceeds
  • Shooting galleries, firearm ranges, and firearms dealers are removed from the list of businesses that may be subject to local regulatory fees and added to the list of businesses exempt from such fees
  • Registered investment advisors are added to the list of professions exempt from local regulatory fees, along with a new catch-all exemption for any business, profession, or occupation requiring state licensure or registration unless state law specifically allows local regulation
  • The method for calculating regulatory fees on renovation construction projects is revised to apply only to "extensive renovation projects" valued at $75,000 or more, and a prior method based on total project cost for non-new-construction projects is eliminated
  • Effective July 1, 2024

Legislative Description

Revenue and taxation; proceeds of local government regulatory fees be used to pay for regulatory activity and not general operations; require

Last Action

Effective Date 2024-07-01

5/6/2024

Committee Referrals

Rules2/13/2024
Ways and Means2/16/2023

Full Bill Text

No bill text available