HB1516: HB1516 Revenue and taxation; sales to United States Department of Homeland Security or United States Immigration and Customs Enforcement; revise tax

26 LC 44 3469 House Bill 1516 By: Representatives Romman of the 97th, Park of the 107th, Frye of the 122nd, and Cannon of the 58th A BILL TO BE ENTITLED AN ACT To amend Article 1 of Chapter 6 of Title 48 of the Official Cod e of Georgia Annotated,1 relating to real estate transfer tax, so as to revise the tax f or sales to the United States2 Department of Homeland Security or United States Immigration and Customs Enforcement;3 to revise an exemption; to provide for related matters; to repe al conflicting laws; and for4 other purposes.5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 SECTION 1.7 Article 1 of Chapter 6 of Title 48 of the Official Code of Georgia Annotated, relating to real8 estate transfer tax, is amended by revising Code Section 48-6-1, relating to transfer tax rate,9 as follows:10 "48-6-1.11 (a) Except as otherwise provided in subsection (b) of this Cod e section, there There is12 imposed a tax at the rate of $1.00 for the first $1,000.00 or fractional part of $1,000.00 and13 at the rate of 10¢ for each additional $100.00 or fractional part of $100.00 on each deed,14 instrument, or other writing by which any lands, tenements, or other realty sold is granted,15 assigned, transferred, or otherwise conveyed to or vested in the purchaser or purchasers,16 H. B. 1516 - 1 - 26 LC 44 3469 or any other person or persons by his or their direction, when the consideration or value of17 the interest or property conveyed (exclusive of the value of an y lien or encumbrance18 existing prior to the sale and not removed by the sale) exceeds $100.00.19 (b) There is imposed a tax at the rate of 100 percent of the c onsideration or value of the20 interest or property conveyed on each deed, instrument, or othe r writing by which any21 lands, tenements, or other realty sold is granted, assigned, tr ansferred, or otherwise22 conveyed to or vested in the United States Department of Homela nd Security or United23 States Immigration and Customs Enforcement."24 SECTION 2.25 Said article is further amended in Code Section 48-6-2, relatin g to exemption of certain26 instruments, deeds, or writings from real estate transfer tax a nd requirement that27 consideration be shown, by revising paragraph (3) of subsection (a) as follows:28 "(3) Except as otherwise provided in subsection (b) of Code Sec tion 48-6-1, any Any29 deed, instrument, or other writing to which any of the followin g is a party: the United30 States; this state; any agency, board, commission, department, or political subdivision of31 either the United States or this state; any public authority; o r any nonprofit public32 corporation;"33 SECTION 3.34 All laws and parts of laws in conflict with this Act are repealed.35 H. B. 1516 - 2 -