Georgia HB1132: Sales and use tax; exempt materials used in construction, renovation, and rehabilitation of affordable housing by purely public charities

What the bill says

To amend Part 1 of Article 1 of Chapter 8 of Title 48 of the Official Code of Georgia Annotated, relating to general provisions relative to state sales and use tax, so as to exempt from state and local sales and use taxation materials used in construction, renovation, and rehabilitation of affordable housing by purely public charities; to provide for requirements; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

From the introduced text:

A BILL TO BE ENTITLED To amend Part 1 of Article 1 of Chapter 8 of Title 48 of the Official Code of Georgia Annotated, relating to general provisions relative to state sales and use tax, so as to exempt from state and local sales and use taxation materials used in construction, renovation, and rehabilitation of affordable housing by purely public charities; to provide for requirements; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Part 1 of Article 1 of Chapter 8 of Title 48 of the Official Code of Georgia Annotated, relating to general provisions relative to state sales and use tax, is amended by revising paragraph (103) of Code Section 48-8-3, relating to exemptions, as follows: "(103) Sales of tangible personal property to a purely public charity used by such charity for the construction, renovation, or rehabilitation of affordable housing on real property; provided, however, that the exemption shall only apply to such personal property that will remain on the real property permanently, and only if: H. B. 1132 LC 44 3322 (A) Such charity is exempt from taxation under Section 501(c)(3) of the federal Internal Revenue Code; (B) Such real property is held exclusively for …