HB1176: HB1176 Sales and use tax; sale of any tangible personal property used or consumed in connection with the generation, transmission, distribution, sale, or furnishing of electricity; exempt

26 LC 56 0543 House Bill 1176 By: Representatives Cannon of the 172nd, Huddleston of the 72nd, Rhodes of the 124th, Dickey of the 134th, and Stephens of the 164th A BILL TO BE ENTITLED AN ACT To amend Title 48 of the Official Code of Georgia Annotated, re lating to revenue and1 taxation, so as to exempt from sales and use taxes the sale of any tangible personal property2 used or consumed in connection with the generation, transmissio n, distribution, sale, or3 furnishing of electricity; to provide for a start date for such exemption; to provide a4 definition; to provide for exceptions; to provide for related m atters; to repeal conflicting5 laws; and for other purposes.6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:7 SECTION 1.8 Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, is9 amended in Code Section 48-8-3, relating to exemptions from sal es and use taxes, by10 deleting "or" at the end of paragraph (104), by replacing the period with "; or" at the end of11 paragraph (105), and by adding a new paragraph to read as follows:12 "(106)(A) Beginning on January 1, 2027, sales to any public uti lity for tangible13 personal property that is used or consumed in connection with o r to facilitate the14 generation, transmission, distribution, sale, or furnishing of electricity within this state.15 H. B. 1176 - 1 - 26 LC 56 0543 (B)(i) As used in this paragraph, the term 'local sales and us e tax' means any sales16 tax, use tax, or local sales and use tax which is levied and im posed in an area17 consisting of less than the entire state, however authorized, including, but not limited18 to, such taxes authorized by or pursuant to constitutional amendment; by or pursuant19 to Section 25 of an Act approved March 10, 1965 (Ga. L. 1965, p. 2243), as amended,20 the 'Metropolitan Atlanta Rapid Transit Authority Act of 1965'; or such taxes as21 authorized by or pursuant to Article 2, 2A, 3, 4, or 5 of this chapter.22 (ii) The exemption provided for in this paragraph shall also apply to local sales and23 use taxes."24 SECTION 2.25 All laws and parts of laws in conflict with this Act are repealed.26 H. B. 1176 - 2 -