HB141: HB141 Revenue and taxation; allow businesses and practitioners to provide affidavits of certified public accountants in lieu of tax returns

26 LC 44 3011S/AP House Bill 141 (AS PASSED HOUSE AND SENATE) By: Representatives Momtahan of the 17th, Kelley of the 16th, Ballinger of the 23rd, Cannon of the 172nd, Cox of the 28th, and others A BILL TO BE ENTITLED AN ACT To amend Code Section 48-13-10 and Code Section 48-13-14 of the Official Code of1 Georgia Annotated, relating to determining amount of occupation tax, criteria for2 classification of businesses and practitioners, administrative fee, exemptions or reduction in3 fees for economic development, and election of tax by practitioner, and levy on business or4 practitioner with location or office in more than one jurisdiction, allocating gross receipts,5 and limits on levies using criteria for taxation, respectively, so as to allow businesses and6 practitioners to provide affidavits of certified public account ants in lieu of tax returns; to7 provide for related matters; to repeal conflicting laws; and for other purposes.8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:9 SECTION 1.10 Code Section 48-13-10 of the Official Code of Georgia Annotated, relating to determining11 amount of occupation tax, criteria for classification of busine sses and practitioners,12 administrative fee, exemptions or reduction in fees for economic development, and election13 of tax by practitioner, is amended by adding a new subsection to read as follows:14 H. B. 141 - 1 - 26 LC 44 3011S/AP "(i) A business or practitioner may elect to provide affidavits of certified public15 accountants in lieu of tax returns or other financial informati on to local governments to16 facilitate their determination of the amount of occupation tax to be levied."17 SECTION 2.18 Code Section 48-13-14 of the Official Code of Georgia Annotated , relating to levy on19 business or practitioner with location or office in more than one jurisdiction, allocating gross20 receipts, and limits on levies using criteria for taxation, is amended by revising paragraph (1)21 of subsection (d) as follows:22 "(1) Financial information necessary to allocate the gross rece ipts of the business or23 practitioner, provided that a business or practitioner may elec t to provide affidavits of24 certified public accountants in lieu of tax returns; and"25 SECTION 3.26 All laws and parts of laws in conflict with this Act are repealed.27 H. B. 141 - 2 -