HB1336: HB1336 Ad valorem tax; levy and collection of tax upon apportioned valuation of aircraft by local tax jurisdictions; provisions

26 LC 59 0343 House Bill 1336 By: Representatives Crowe of the 118th, Anderson of the 10th, LaHood of the 175th, Burchett of the 176th, Jenkins of the 136th, and others A BILL TO BE ENTITLED AN ACT To amend Article 12 of Chapter 5 of Title 48 of the Official Co de of Georgia Annotated,1 relating to ad valorem taxation of airline companies, so as to require that at least 50 percent2 of revenues collected from a local tax jurisdiction's levy of a d valorem taxes on such tax3 jurisdiction's apportionment of aircraft by the commissioner be dedicated to the maintenance4 and operations of airports within the tax jurisdiction; to provide for a definition; to provide5 for an effective date and applicability; to provide for related matters; to repeal conflicting6 laws; and for other purposes.7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:8 SECTION 1.9 Article 12 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad10 valorem taxation of airline companies, is amended by revising C ode Section 48-5-544,11 relating to levy and collection of tax upon apportioned valuati on of aircraft by local tax12 jurisdictions, as follows:13 "48-5-544.14 (a) As used in this Code section, the term 'airport' shall have the same meaning as set forth15 in Code Section 32-9-8.16 H. B. 1336 - 1 - 26 LC 59 0343 (b) Each local tax jurisdiction to which a proposed valuation of aircraft is apportioned by17 the commissioner shall assess its apportionment of aircraft and shall levy and collect a tax18 thereupon as it does upon other property subject to taxation in that such jurisdiction.19 (c) Each local tax jurisdiction that collects revenues from th e tax provided under20 subsection (b) of this Code section shall, if such jurisdiction contains one or more airports,21 dedicate at least 50 percent of such revenues to the maintenanc e and operations of such22 airport or airports."23 SECTION 2.24 This Act shall become effective on January 1, 2027, and shall b e applicable to all taxable25 years beginning on or after such date.26 SECTION 3.27 All laws and parts of laws in conflict with this Act are repealed.28 H. B. 1336 - 2 -