SUMMARY:

            This bill would amend Code Section 48-8-2 of the O.C.G.A.  to change the definition of sales price for the purpose of sales taxes so that an amount for the reimbursement of ad valorem taxes on leased equipment paid by the lessor but charged to the lesee.

NOTE:

• Though probably not enough to substantially increase state or local sales tax revenue, this bill is yet another opportunity among many proposed this session to lower state revenue in a time of economic crisis.