SUMMARY:

            This bill would amend Part 2 of Article 1 of Chapter 3 of Title 48 of the O.C.G.A. to authorize refunds to credit card issuers for certain gas or fuel tax-exempt entities.

REQUIREMENTS:

• The definition of “credit card issuers” would be defined as “the party that extends credit to the qualified tax-exempt entity that purchased gas or fuel."
• The credit card issuers [banks or gas companies] would be able to invoice the tax-exempt entity the net amount of the applicable taxes and get a refund for the taxes from the state, if the issuer paid the merchant in full, including all taxes.