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HB 1096 - Sales and use tax; unidentifiable proceeds; distribution authority; revise

Tracking Level: Work
Sponsor: Austin,Rick 10th
Last Action: 2/8/2010 - House Second Readers
House Committee: W&M
Assigned To:
Finance - Capital OutlayNext Bill
Finance - TaxationNext Bill

Staff Analysis of the Legislation

SUMMARY:  This bill would amend Code Section 48-8-67 of the O.C.G.A. to remove the provision set to expire on December 31, 2011 that gives the authority to the state tax commissioner to distribute unidentified sales tax revenues unless reauthorized by the General Assembly.  It further directs the tax commissioner to take any funds that were collected between such past authorizations by the legislature to distribute them as soon as feasible.

NOTE:  There was a period between past authorizations when funds were not distributed, but the fact that the bill allows those funds to be distributed “as soon as feasible” does not offer much immediate relief to local governmental entities.


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