HB 42 is identical to HB 62.  This bill provides for a completely different method of calculating the amount of sales tax due on mobile homes. Rather than a percentage of sales price, it will be calculated at 60% of the manufacturer's invoice amount. Additionally, this bill provides a complete sales tax exemption for the retail sale of pre-owned mobile homes.

HB 62 is identical to HB 42.  This bill provides for a completely different method of calculating the amount of state sales tax due on mobile homes. Rather than a % of sales price, it will be calculated at 60% of the manufacturer's invoice amount. It is unclear if this % calculation is intended to affect local sales and use tax.  Additionally, this bill provides a complete exemption from BOTH state and local sales and use tax for the retail sale of pre-owned mobile homes.

This legislation is a substantial revision of the new state and local title ad valorem tax (TAVT) system. Among other things, the bill changes how fair market value is determined; exempts commercial trucks (IRP vehicles) used for moving products interstate from the new system and continues them under the apportioned ad valorem tax; changes registration procedures; changes numerous items regarding dealers who directly finance sales; changes numerous items regarding leases; and provides for new criminal penalties. 

 

Please have your finance officials and tax commissioner review the proposed changes and provide feedback to Clint Mueller at ACCG. Click here for a summary of the proposed changes.

This bill purports to impose restrictions on the enactment process of any bills proposing any tax exemptions, exclusions, deductions, credits, deferrals, or preferential rates.

This legislation creates the Georgia Downtown Renaissance Investment Act which will encourage investment in downtown areas through multiple funding mechanisms, promote economic development, and provide for other matters.

This legislation requires a tax exemption bill to be introduced in the first year of the biennial legislative session and eligible for passage in the second year after the bill has been studied and a fiscal analysis conducted.

This legislation authorizes a county to request a fractional percentage Special Purpose Local Option Sales Tax (SPLOST). There must be an intergovernmental agreement with the cities making up at least 50 percent of the municipal population to request the fractional SPLOST in a referendum. Counties could have multiple fractional SPLOSTs collected at the same time as long as the combined fractions do not exceed 1 percent.

This legislation would prohibit counties from placing any fees or assessments on the property tax bill.  This would include fees for solid waste, storm water, street lights, speed bumps and fire services.  It would also require partial payments to be applied to ad valorem taxes before any fees.

This bill extends the sunset for two year on the sales tax exemption for engines, parts, or equipment used in the maintenance and repair of aircraft registered out of state.

This legislation authorizes a county to spend up to 15 percent of the revenues from a future SPLOST on maintenance and repair activities.  The authorized percentage would have to be approved in a SPLOST referendum and could only be used to fund maintenance and repair on capital projects acquired through SPLOST. 

This bill creates a new sales and use tax exemption for kidney dialysis equipment. It has no sunset provision.

This bill reinstates the sales tax exemption for several charitable purposes. These include exemptions for food purchased by qualified food banks, food donated for disaster relief, purchases by certain nonprofit health clinics and purchases by Goodwill Industries Inc. The restored exemptions will sunset in two years.

This legislation changes the transfer of income tax credits designed to encourage film, video and digital production in Georgia.

This legislation makes administrative changes to the implementation, collection and distribution of the energy excise tax.

 

Click here for a complete review of the bill.

 

This legislation makes several changes to the new system for taxing motor vehicles.   

This legislation creates the Invest Georgia Fund.

This legislation provides for the comprehensive revision of provisions regarding ad valorem taxation, assessment, and appeal. The bill was amended this week in the Senate Finance Committee. Please review the summary of amendments and provide any comments or concerns to ACCG. The mandated salary supplement to the Superior Court Clerk for providing administrative support to the Board of Equalization was removed from the bill.

This legislation requires the fair market value of property to be based on it's average value over the preceding seven years. 

This bill extends the level 1 freeport to now include the blending of fertilizer bulk materials into a custom mixture whether performed at commercial fertilizer blending plant, retail outlet, or any application site. This extension will apply to all existing level 1 freeport exemptions.

This legislation eliminates the tier classification of counties, which considers factors such as unemployment rates, per capita income and percentage of residents below the poverty level, to determine tax credits for businesses that add jobs.

 

This bill accomplishes several different goals regarding local sales tax.  First, it excludes the MARTA tax the 2% cap on local sales and use taxes in a county in which HOST is levied. Second, in any county in which this new exclusion applies, SPLOST can be levied for up to 10 years.

This bill revises TAVT in the case of used motor vehicle dealers who directly finance sales.