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HB 0933 - Sales and use tax; regarding sale or use of certain property used in maintenance or repair of certain aircraft; remove sunset exemption

Tracking Level: Passed
Sponsor: Alex Atwood
Last Action: 7/1/2014 - Effective Date
House Committee: W&M
Senate Committee: FIN

Staff Analysis of the Legislation

SUMMARY:  LC 34 4236S

Makes the sales tax exemption for aircraft repair and maintenance permanent. The Georgia Budget & Policy Institute estimates that from 2015-2019, the state will be giving up about $82 million and local governments $61 million due to this exemption.

 

EFFECTIVE DATE:

July 1, 2014 

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text